The IRS has been spending the $80 billion in extra funding it got from the Inflation Reduction Act of 2022 to hire more customer service agents, create chatbots, and reduce paperwork.
( 17
min )
Progressive Corporation was the best-performing stock in the S&P 500 on Wednesday after the insurance provider reported a jump in premiums written in July.
( 16
min )
Oil and gas services provider Energy Transfer LP agreed to buy Crestwood Equity Partners LP for $7.1 billion dollars, including $3.3 billion in debt.
( 17
min )
CDs can significantly boost what you earn on your savings. So it's worth exploring ways to safely add one or more top-paying certificates to your savings plan.
( 25
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 19
min )
Southwest Airlines and the union covering more than 17,000 of its employees reached a tentative agreement on wages, job protections, and benefits for more. But the airline's pilots union still may strike.
( 17
min )
A court victory for President Joe Biden this week means that thousands of borrowers are joining the growing list of people whose student loans have been forgiven since he took office.
( 20
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Teachers’ salaries aren't keeping up with inflation and the rising cost of homeownership.
( 19
min )
Tron is a block-chained-based platform for sharing digital content. Discover more about Tron and its cryptocurrency, called Tronix or TRX.
( 19
min )
A crypto commodity is a digital representation of a commodity, utility, or contract on a blockchain network through exclusive tokens.
( 22
min )
Credit repair companies can help you find and fix mistakes on your credit report, for a fee. Learn how to choose a credit repair company that works for you.
( 20
min )
Goldman Sachs predicts home prices will keep rising, citing tight supply and high demand.
( 17
min )
Mutual funds and robo-advisors are two ways investors can get help building and managing a diverse portfolio. Find out more about the differences between these investing tools.
( 26
min )
While the CME already trades crypto futures and the CBOE has approvals for leveraged crypto futures, the nod makes Coinbase the first purely crypto exchange to offer such products.
( 17
min )
Demand elasticity is the sensitivity of the demand for a good or service due to a change in another factor.
( 22
min )
Mediterranean restaurant chain Cava Group posted a profit in its first earnings report since going public in June as it added new locations.
( 17
min )
TJX Companies shares hit an all-time high as the discount retailer posted better-than-expected results and raised its outlook as shoppers flocked to its stores.
( 17
min )
U.S. equities were mixed at midday on Wednesday, Aug. 16, 2023, after the latest earnings news and ahead of the release of meeting minutes from the Fed's July policy meeting.
( 17
min )
With investors looking to back the latest ICOs and cryptocurrencies, some scammers have taken advantage of the rush to invest.
( 22
min )
Intel called off a $5.4 billion deal to purchase Tower Semiconductor after it failed to secure timely regulatory approval from China.
( 17
min )
Learn about the evolving role of the nation-state in an increasingly globalized world as fewer boundaries restrict international commerce.
( 22
min )
Investment grade refers to bonds that carry low to medium credit risk.
( 25
min )
Automated robo-advisors are more flexible and can build more complex portfolios. Target date funds (TDFs) have the more specific aim of helping people invest for retirement by slowly adjusting their holdings to reduce volatility and risk over time.
( 25
min )
If you're denied for a personal loan, you might be able to reapply. However, you need to take steps to address the issues that cause the denial in the first place.
( 24
min )
Even though personal loans can help you fund a number of financial goals, they aren't always the right choice.
( 22
min )
Learn about GPUs (Graphics Processing Units) and how they are used in cryptocurrency mining.
( 24
min )
Business loans can certainly impact your personal credit, though this depends primarily on whether a personal guarantee is required.
( 23
min )
Target posted its first quarterly sales decline in six years after a dip in discretionary spending, backlash against the company's Pride collection, and rise in retail theft.
( 18
min )
Renovations may be covered, but they also can increase the value of your home and leave you underinsured. Find out if you should update your policy.
( 24
min )
Consumers have rights that protect them from scams and fraud. Certain consumer protection laws can help in particular situations.
( 26
min )
The Foster School of Business at the University of Washington offers undergraduate, graduate, and doctoral programs in business and other fields.
( 18
min )
Double-spending is a potential flaw in cryptocurrency systems that refers to the possibility of a digital currency being spent more than once.
( 20
min )
Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.
( 17
min )
Gwei is a denomination of the cryptocurrency ether (ETH), used on the Ethereum network. Learn what it is and how it is used in ETH transactions.
( 22
min )
Cryptocurrency payment gateways are a service available for merchants who prefer to have a trusted third party dealing with digital currencies.
( 21
min )
Changes in exchange rates have a substantial influence on companies’ operations and profitability. Here are ways they can deal with the risk.
( 27
min )
Problems with the U.S. tax system include higher effective rates for lower-income people, companies paying little or no taxes, and poor enforcement.
( 36
min )
The pre-existing condition exclusion period is a health insurance provision that limits benefits for a period of time for a prior medical condition.
( 22
min )
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third? The post Shipping line Zim bets big on spot market as losses mount appeared first on FreightWaves.
( 34
min )
Reuters reported Wednesday that ArcelorMittal was considering a bid for United States Steel. That has U.S. Steel shares on the move.
( 26
min )
Analysts downgrading stocks is an everyday occurrence and certainly nothing out of the ordinary. But it's major news when well-regarded stocks with large followings are the subjects of the downgrades. This week began with downgrades on three popular real estate investment trusts (REITs) across three different subsectors. Two of the downgrades were by the same analyst with Bank of America Securities and one was by an analyst with Argus Research. Take a look at the three REITs that could be in for
( 34
min )
Who wins in the battle for control of U.S. Steel?
( 12
min )
Jim Cramer, the well-known financial analyst and host of CNBC’s popular show “Mad Money,” is a figure with a reputation for outspoken opinions and a solid track record in the financial markets. Cramer recently delved into the art market and its potential as a solid investment option, particularly during times of inflation. In one of his episodes, Cramer highlighted Masterworks, a company that offers investors the opportunity to buy shares in individual artworks. The approach allows people to par
( 31
min )
(Bloomberg) -- Look closely at the contours of Tuesday’s tumble in the S&P 500 and fingerprints of a new market force come into focus.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowTech Stocks Take a Leg Down Ahead of Fed Minutes: Markets WrapChina Asks Some Funds to Avoid Net Equity Sales as Markets SinkMarc Becker, Apollo’s Impact Investing Co-Head, Dies at 51They’re options tied to S&P 500 with a m
( 33
min )
(Bloomberg) -- Sacks Parente Golf Inc.’s shares tumbled as much as 83%, erasing almost all of the big first-day gains that made it the strongest US stock-market debut of 2023.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowTech Stocks Take a Leg Down Ahead of Fed Minutes: Markets WrapChina Asks Some Funds to Avoid Net Equity Sales as Markets SinkMarc Becker, Apollo’s Impact Investing Co-Head, Dies at 5
( 31
min )
Barrick Gold Corp. (NYSE:GOLD) is one of the largest producers of gold in the world. But CEO Mark Bristow recently emphasized the importance of another metal to keep an eye on. During an interview with CNBC, Bristow said, "My view is that copper is the most strategic metal out of all the metals." He pointed out that batteries are a major driver for copper demand, but there's more to the story. "Batteries is not a long-term solution for the future of a better planet for all," Bristow said. "What'
( 33
min )
A leading Dallas energy player will pay big bucks for the company that merged with #Royals majority owner John Sherman's old business.
( 10
min )
VinFast’s Nasdaq trading debut on Tuesday made Vingroup founder Pham Nhat Vuong a very wealthy man.
( 32
min )
Britain is facing a growing risk of recession even as rampant inflation begins to ease, economists have warned.
( 45
min )
Shares in the Vietnamese electric car company more than tripled in its first day of trading, giving it a roughly $86 billion market value.
( 26
min )
VinFast's stock opened at $22 apiece on Nasdaq — a surge of over 200% from the $10 per share price agreed upon with Black Spade Acquisition.
( 31
min )
Buyers should focus on what they can control rather than try to predict mortgage rates.
( 26
min )
Investors seem convinced the security software company has chosen this inconvenient timetable because it has news to deliver shareholders might not like.
( 26
min )
The Houston area is losing one of its largest publicly traded energy companies in a deal valued at approximately $7.1 billion.
( 11
min )
My investment accounts don't withhold taxes from my capital gains, which is causing me to owe large amounts when I file my returns. How can I mitigate this situation? -David As capital gains distributions are unpredictable and usually unknown until … Continue reading → The post Ask an Advisor: ‘How Can I Mitigate This Situation?' My Tax Bill Is Huge Because My Investment Accounts Don't Withhold Capital Gains appeared first on SmartAsset Blog.
( 34
min )
Analysts at Piper Sandler and Raymond James raised their target prices on Nvidia to $500 ahead of its earnings next week.
( 26
min )
The retailer handily beats Wall Street's earnings expectations.
( 26
min )
A solid top- and bottom-line beat by the e-commerce giant isn't enough to lift the stock amid a selloff in Chinese markets.
( 26
min )
Energy Transfer said the move would benefit its natural-gas and crude-oil businesses by adding storage and terminal assets.
( 25
min )
Target beats analysts' expectations for second-quarter earnings, sending shares higher, despite the retailer lowering full-year guidance.
( 26
min )
The Bitcoin futures market, in which trades are typically made with leverage or borrowed money, is the most liquid market in all of crypto.
( 26
min )
A solid top- and bottom-line beat by the e-commerce giant isn't enough to buoy the stock amid a selloff in Chinese markets.
( 26
min )
Palo Alto Networks investors are betting that good things never happen late on a Friday afternoon.
( 25
min )
Coinbase Global has earned approval from the National Futures Association to offer eligible U.S. customers crypto futures, the company said Wednesday.
The largest crypto exchange in the U.S. in September 2021 [filed an application with the NFA](https://twitter.com/coinbase/status/143824759587741696
( 22
min )
Tencent Holdings’ second-quarter net profit climbed 41%, thanks to a recovery in various business lines, led by online advertising.
( 26
min )
Coherent issues a weaker-than-expected forecast, Cava's second-quarter profit beats expectations, and Intel calls off its acquisition of Tower Semiconductor.
( 27
min )
The move for the Israeli company collapsed due to delays to regulatory approval. It's a setback for plans to ramp up its semiconductor-making business.
( 26
min )
(Bloomberg) -- Intel Corp. said it’s walking away from its attempt to acquire Tower Semiconductor Ltd., abandoning a $5.4 billion deal after failing to win regulatory approval in time. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s Interest-Rate Debat
( 32
min )
The networking-equipment company faces crosswinds in terms of demand heading into its fiscal fourth-quarter earnings report.
( 26
min )
(Bloomberg) -- Intel Corp. is expected to call off its planned $5.4 billion acquisition of Tower Semiconductor Ltd. as time to win regulatory approval runs out, according to people familiar with the matter.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump In
( 32
min )
(Bloomberg) -- Sea Ltd.’s historic 29% tumble erased close to $10 billion from its market value, wiping out a quarter of co-founder Forrest Li’s fortune overnight while darkening the shopping and gaming leader’s prospects.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapRussia’s Emergency Rate Hike Fails to Lift Ruble Aft
( 33
min )
(Bloomberg) -- The yield on 10-year US Treasuries is at the top end of its range, providing a good entry point for investors, according to Steven Major, global head of fixed-income research at HSBC Plc.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s In
( 31
min )
(Bloomberg) -- When former postman Iqeel Ahmed told staff at his local Halifax branch he couldn’t feed his family because he was locked out of his account, they asked whether he had tried the nearest food bank.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTyco
( 37
min )
(Bloomberg) -- A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapRussia’s Emergency Rate Hike Fails to Lift R
( 31
min )
A deal for the American steelmaker could leave fewer options for steel used in cars, food cans and other products.
( 27
min )
Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said. Intel and Tower declined to comment.
( 32
min )
(Bloomberg) -- Chinese stocks extended their recent selloff, putting a key gauge of the nation’s equities on track to erasing all the gains seen since last month’s Politburo meeting.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweepi
( 30
min )
Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with Tower, the sources said. It does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added.
( 31
min )
(Bloomberg) -- China home prices dropped for a second month in July, a further sign of the deepening property downturn that’s weighing on the world’s second-largest economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping Georgi
( 31
min )
(Bloomberg) -- The rally in equities is set to grind to a halt as investors come to grips with slowing US growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Ma
( 31
min )
The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation.
( 27
min )
Klanten van de Bank of Ireland konden dinsdag de hele dag 'gratis' geld opnemen. Door technische problemen bij de bank konden zij meer geld pinnen dan zij op hun rekening hadden staan.
( 3
min )
Klanten van de Bank of Ireland konden dinsdag de hele dag 'gratis' geld opnemen. Door technische problemen bij de bank konden zij meer geld pinnen dan zij op hun rekening hadden staan.
( 3
min )
De verslechterde Chinese economie zorgt ervoor dat de yuan hard daalt. De Chinese munt bereikte woensdag het laagste niveau sinds november 2022.
( 3
min )
Een groot vrachtschip dat sinds het begin van de oorlog in Oekraïne stillag, vaart nu voor het eerst over de Zwarte Zee. Het schip maakt gebruik van een zogenoemde humanitaire corridor, een tijdelijke vaarroute voor gestrande schepen.
( 4
min )
Kledingketen H&M gaat twintig beschuldigingen van misstanden in kledingfabrieken in Myanmar onderzoeken. Volgens de Britse mensenrechtenorganisatie BHRRC is er sprake van misstanden in de fabrieken waar het Zweedse bedrijf kleding laat maken.
( 3
min )
Met twee kwartalen van krimp is de Nederlandse economie in een recessie terechtgekomen. Dat klinkt ernstig, maar gaat dit ons echt veel pijn doen?
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min )
Porthos, een groot project voor de opslag van CO2 onder de Noordzee, mag doorgaan. Bij de aanleg komt weliswaar wat stikstof vrij, maar dat vormt geen grote bedreiging voor kwetsbare duinnatuur. Dat oordeelt de Raad van State woensdagochtend.
( 7
min )
Het socialemediaplatform X (voorheen Twitter) heeft de toegang tot concurrerende sociale netwerken en nieuwswebsites vertraagd. Gebruikers die op een link naar Facebook, Instagram of bijvoorbeeld The New York Times klikten, moesten vijf seconden wachten voordat ze de gewenste pagina konden zien.
( 4
min )
De Nederlandse economie is met twee kwartalen van krimp in een recessie beland. In andere eurolanden zijn de ontwikkelingen gunstiger. De economie van de eurozone groeide in het tweede kwartaal met 0,3 procent ten opzichte van een kwartaal eerder.
( 4
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Hoewel op dinsdag en donderdag de langste files staan en het op die dagen het drukst is op kantoor, willen werkgevers hun personeel niet aanmoedigen op woensdag of vrijdag te komen. Vandaag is daarom de stelling: Werknemers moeten zelf kunnen bepalen welke dagen ze thuiswerken. Breng je stem uit en discussieer mee.
( 2
min )
Tussen begin april en eind juni is de Nederlandse economie met 0,3 procent gekrompen in vergelijking met het kwartaal ervoor. Het is de tweede krimp op rij, waardoor we officieel spreken van een recessie.
( 5
min )
Gebruikers van socialemediaplatform X (voorheen Twitter) moeten voortaan betalen voor TweetDeck (nu X Pro). Het computerprogramma waarmee je jouw tijdlijn kunt beheren, is vanaf nu alleen nog te gebruiken door mensen met een geverifieerd account op X.
( 4
min )
De Britse consumentenprijzen zijn in juli met 6,8 procent gestegen. Daarmee was de inflatie lager dan in juni (7,9 procent), maar nog wel veel hoger dan de beoogde 2 procent.
( 3
min )
De arbeidsmarkt is nog steeds zeer krap. Werkgevers hadden in het tweede kwartaal van dit jaar moeite om aan mensen te komen. Per 100 werklozen stonden eind juni nog 122 vacatures open.
( 3
min )
Hoewel thuiswerken sinds de coronapandemie een blijvertje is, werken Nederlanders op dinsdag en donderdag nog vaak op kantoor. Maar ondanks de lange files en drukte op de werkvloer willen werkgevers hun personeel niet aanmoedigen om op woensdag of vrijdag te komen.
( 6
min )
If you’re looking for effective strategies for making sound stock selection decisions, you could do a lot worse than peep into the current portfolios of Wall Street’s investing titans. By discovering which equites they are leaning into at any given time, investors can piggyback on the decades-long success attained by the stock picking giants. Few are more successful at this game than Ken Griffin, the founder and CEO of hedge fund Citadel and a man with a net worth of ~$34 billion. Last year, aga
( 34
min )
The electrification of everything is already underway, and there is one extraordinary $23 billion opportunity that investors continue to overlook.
( 41
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(Bloomberg) -- Warren Buffett-backed Occidental Petroleum Corp. agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion as the oil producer expands its position as a leader in removing carbon dioxide from the atmosphere. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-
( 32
min )
If demand is too high, J&J holders who participate will be able to swap only part of their investments for Kenvue
( 27
min )
(Bloomberg) -- PNC Financial Group Services Inc. tapped the US blue-chip bond market for the second time since a regional banking crisis rattled investors earlier this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s Interest-Rate Debate Is Shiftin
( 32
min )
(Bloomberg) -- Sacks Parente Golf Inc. shares skyrocketed 624% in its first day of trading, notching the best initial public offering debut on a US exchange this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping Georgia Elec
( 30
min )
(Bloomberg) -- VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. and Ford Motor Co., as traders flipped shares of the electric-vehicle maker.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After Crash
( 32
min )
Warren Buffett is widely recognized as the greatest investor of all time, so when he buys new stocks, investors tend to take notice. According to its latest 13F filing, which came out yesterday, Buffett’s Berkshire Hathaway initiated positions in just three new stocks during the second quarter — NVR (NYSE:NVR), Lennar (NYSE:LEN), and D.R. Horton, Inc. (NYSE:DHI). Interestingly, all three are homebuilders. While investors should always do their own due diligence before making any investment, taki
( 34
min )
(Bloomberg) -- VinFast Auto Ltd. soared in its first day of trading as the Vietnamese electric-vehicle maker looks to raise its profile and take on established car manufacturers.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping G
( 32
min )
The private-jet membership company agreed to turn over a 95% stake in return for new financing.
( 29
min )
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Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 21
min )
It's always a good sign for stockholders when they see one of the insiders at a company buying shares of company stock. It's well known that insiders may sell shares for dozens of personal reasons that have nothing to do with the company's performance, but generally, insiders are only buyers when they feel the stock price is undervalued and likely to rise over time. It's even more significant when multiple insiders are buying shares of company stock, as that indicates optimism among more than on
( 33
min )
The selloff continues in shares of troubled utility Hawaiian Electric Industries.
The stock fell another 24% on Tuesday after [Monday’s plunge](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-14-2023/card/hawaiian-electric-industries-stock-plunges-in-wake-of-deadly-wildfires-UKImN6
( 21
min )
Esmark Inc majority owner and chief executive James Bouchard said in an interview on Tuesday that his steel maker, which does not publicly report its earnings, has cash for its $7.8 billion bid for U.S. Steel Corp sitting in his bank account. Esmark unveiled its offer on Monday after Cleveland-Cliffs Inc, another steel maker, said on Sunday it had made a $7.3 billion offer for U.S. Steel, which the latter rejected. Cleveland-Cliffs said it could afford the deal because it would pay for half of it using its own stock as currency and borrow from banks to help pay for the other half.
( 31
min )
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
( 32
min )
Despite the fact that delaying the start of your Social Security benefits until age 70 means a 32% increase in the amount you would receive, only 10% of non-retired Americans between the ages of 60 and 65 plan to wait for the larger payout, according to the 2023 Schroders U.S. Retirement Survey. Consider working with […] The post Just 10% of Workers to Wait Until 70 to Take Maximum Social Security Benefits appeared first on SmartReads by SmartAsset.
( 32
min )
Over $22 billion worth of Nvidia's shares were traded as of mid-day, beating out $14 billion of trades in Tesla, which is usually the Wall Street's most traded stock. Nvidia shares rose as much as 3.5% before trimming gains. Nvidia was just one of three stocks in the Philadelphia semiconductor index trading higher on Tuesday after stronger-than-expected U.S. retail sales data stoked worries that interest rates could stay higher for longer, rattling the stock market.
( 32
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Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.
( 19
min )
(Bloomberg) -- The steep drop in output from US shale wells is turning out to be worse than expected, forcing oil drillers to work even harder to keep production from slipping, research firm Enverus said in its latest report.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After
( 31
min )
Wall Street analysts are still underestimating how much the rise of artificial intelligence could boost revenue, according to New Street Research.
( 35
min )
The U.S. stock market saw robust growth in 2023, with the S&P 500 Index surging by 17%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business' Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from five and a half percent to nine and a half percent and continue to go up." The U.S. Federal Reserve has implemented aggressive inte
( 33
min )
I am 57 and have $1.1 million in my 401(k) and $50,000 in a high-yield savings account. I earn $300,000 per year and put $30,000 in my 401(k) each year plus a match on the first 6%. I have a $220,000 mortgage on a home valued at $550,000. I would like to retire at 62 […] The post Ask an Advisor: I Have $1.15 Million Saved and Will Collect $3,500 Per Month in Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
( 32
min )
Discover Financial shares dropped more than 9% Tuesday after the Riverwoods-Ill.-based company said Roger Hochschild would step down as CEO effective immediately.
Discover board member and ex-Regions Financial executive John Owen will serve as interim CEO and president, the company said after marke
( 23
min )
The currency has now surrendered all of its gains from last year to plumb depths not seen since an investor panic in the early days of the war.
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As we reach the tail end of the 2Q23 earnings season, it’s time to take stock of the current market landscape and gauge the resilience of equities. To start with, the pace of inflation is falling – but remains above the 2% target. Against a background of inflationary pressures and recessionary fears, the second quarter earnings were stagnant – but while the bar was low, most firms cleared it, beating the expectations. In a recent note, BlackRock’s Global Chief Investment Strategist, Wei Li, has
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The $40 billion exchange offer for shares of Kenvue expires Friday, but brokerage firms want retail investors to make their instructions before then.
( 27
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The story of United States Steel holds some fascinating history as well as some important lessons for investors.
( 27
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The Florida governor needs every friend he can muster to narrow Donald Trump's lead in the polls.
( 32
min )
The Euro has found buyers again on the dip, continuing the overall supportive action.
( 32
min )
Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.
( 26
min )
The Vietnamese EV maker VinFast is beginning life as a publicly traded company on the Nasdaq stock exchange.
( 26
min )
Chip maker Nvidia has seen shares nearly triple this year. UBS analyst Timothy Arcuri raised his target price to $540 from $475, and writes "it still seems early to get off this train."
( 27
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Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.
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Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.
( 20
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Home Depot tops report second-quarter earnings estimates, Warren Buffett's Berkshire Hathaway takes a new equity position in home builder D.R. Horton, a new bidder emerges for U.S. Steel, and Discover Financial's CEO resigns.
( 27
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(Bloomberg) -- Sea Ltd.’s revenue missed estimates after its e-commerce division posted slowest growth on record, reflecting fallout from economic turbulence and intensifying competition.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Fourth Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashOut of Options and Money,
( 32
min )
Vietnam's electric vehicle maker VinFast could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion. The valuation, which VinFast and its blank-check partner Black Spade Acquisition calculated using rival EV maker Lucid as the benchmark, is the fourth-highest for such special purpose acquisition company (SPAC) deals, according to data from Dealogic. A few hours before its Nasdaq debut, VinFast more than doubled its value in premarket trading involving less than 4% of its shares.
( 31
min )
Southeast Asian technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services. U.S.-listed shares of Sea tanked 14% in trading before the bell. Revenue grew over 5% from a year earlier to $3.10 billion, compared with analysts' estimate of $3.20 billion, according to Refinitiv data.
( 31
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The company is seen as a bellwether for big retailers, its numbers offer clues about the health of the U.S. consumer.
( 27
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Chinese e-commerce giant JD.com has denied speculation that its billionaire founder Richard Liu Qiangdong and his wife Zhang Zetian had emigrated to the US, crushing the latest rumours surrounding the personal life of one of the country's most well-known entrepreneurs. The Beijing-based firm wrote on its Weibo account on Monday that gossip circulating on social media, alleging that the couple had moved to the US or spent more than US$100 million there to buy luxury homes, were fabricated. It add
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(Bloomberg) -- As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Sessio
( 33
min )
(Bloomberg) -- European equities were little changed amid a summer slowdown and after China’s central bank unexpectedly reduced a key interest rate.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets
( 32
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(Bloomberg) -- The yuan slid to the weakest level since November and China’s sovereign bonds rallied after the central bank unexpectedly cut a key interest rate in an effort to boost its ailing economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapTrump Indicted
( 33
min )
MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday, dragged down by the impact of Western sanctions on Russia's balance of trade and as military spending soars. President Vladimir Putin's economic adviser Maxim Oreshkin on Monday rebuked the central bank blaming what he called its soft monetary policy on the weakening rouble.
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Buffett's company added a trio of home-construction companies to its stock portfolio last quarter, while it cut or exited several other positions.
( 32
min )
Barron's looked at stocks in the Russell 3000 that have done little for the past five years and identified 10 stocks where improving analyst sentiment could signal better days ahead.
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(Bloomberg) -- China’s central bank unexpectedly reduced a key interest rate by the most since 2020 to bolster an economy that’s facing fresh risks from a worsening property slump and weak consumer spending.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Election With Primary WinChina Finance Giant’s Missed Paymen
( 32
min )
The Church of Jesus Christ of Latter-day Saints' has an investment portfolio topping $100 billion that includes $49.3 billion invested in stocks.
( 31
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(Bloomberg) -- Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOut of Options and Money, Argentina Presses the Panic ButtonOutsider Milei Upends Argentina’s Election With P
( 33
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(Bloomberg) -- Hawaiian Electric Industries Co., which supplies roughly 95% of the state’s residents with power, traces its roots back to 1891, just a decade after King Kalakaua met Thomas Edison to see the incandescent light bulb. Now, the utility is facing what’s shaping up to be the biggest-ever test over its future. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Elect
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Learn how to lower your income and estate tax bills while building wealth through permanent life insurance.
( 23
min )
Personal loan rates dipped slightly this week to 20.59%, dropping 6 basis points since last week when the average personal loan rate sat at 20.65%.
( 18
min )
Binance Coin (BNB) is the native currency of the Binance exchange which follows the ERC 20 standard.
( 23
min )
U.S. equities slumped, with the S&P 500 tumbling 1.16% on Tuesday, Aug. 15, 2023, amid worries about China's economy and possible Fed rate hikes.
( 17
min )
The European Single Market is an entity created by a trade agreement among participating nations, including the member nations of the European Union.
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min )
The banking sector is weathering impacts from the spring turmoil, but higher credit card debt helped push loan balances higher as consumers borrowed to beat inflation, an FDIC report showed this week.
( 17
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 19
min )
The Atlanta Fed’s GDPNow tracker estimates GDP will grow at an annual rate of 5% in the third quarter after a surprising jump in retail sales.
( 17
min )
Shares of Wheels Up skyrocketed after Delta Air Lines, Certares Management, and Knighthead Capital Management bailed out the private charter jet provider and took control of the firm.
( 17
min )
Shares of Vietnam-based electric vehicle maker VinFast soared on their first day of trading on the Nasdaq after going public through a special purpose acquisition company.
( 17
min )
A mix of federal and state laws protects borrowers from predatory lenders. These laws range from capping interest rates to banning the practice altogether.
( 28
min )
New crypto projects emerge frequently, which makes it even more important to know how to assess the market.
( 27
min )
The Federal Reserve could keep its benchmark interest rate at least at its current level—the highest since 2001—through the end of the year and beyond, said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.
( 18
min )
The burning-cost ratio is an insurance industry calculation of excess losses divided by the total subject premium.
( 18
min )
Business inventories ticked 0.1% lower in June, extending the downward trajectory they've been on since hitting highs last year as demand slows.
( 17
min )
A mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together but does not use its own funds to originate mortgages.
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Last year was the first to show a decrease since 2008, largely driven by losses in the United States, Japan, China, Canada, and Australia.
( 17
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With mortgage rates nearly at 7% per Freddie Mac, builder confidence is starting to stumble.
( 17
min )
Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.
( 18
min )
Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles. See if Bask Bank makes sense for your money.
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min )
A closed virtual currency is an unregulated digital currency used as payment only within certain virtual communities.
( 18
min )
Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
( 21
min )
A major ratings company warned it may downgrade the outlook for more than 70 U.S. banks, including some of the largest institutions, a move that could push interest rates for consumer loans higher.
( 18
min )
A denomination is the stated or face value of financial instruments such as currency, bonds and other fixed-income investments.
( 18
min )
An Abbreviated New Drug Submission (ANDS) is a written request to obtain marketing approval for a generic drug in Canada.
( 18
min )
Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
( 22
min )
Value investment manager Baupost bought a stake in Amazon.com in the second quarter, despite Amazon's 2023 stock surge that has more than doubled its price-to-earnings ratio.
( 17
min )
Greenlight Capital, the hedge fund of David Einhorn upped its stake in Net Power and added stakes in Onex Corp. and Activision.
( 17
min )
U.S. equities dropped at midday on Tuesday, Aug. 15, 2023, amid concerns about China's economy and a surprise interest rate cut by the country’s central bank, as well as the possibility of more Fed rate hikes in the U.S.
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min )
Shares of Getty Images tumbled to their lowest level since March after the company reported strikes by TV and movie actors and writers are having a negative impact on revenues.
( 17
min )
E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.
( 20
min )
Shares of Sea Limited tumbled after the Singapore-based online retail and gaming site missed sales estimates and indicated it plans to increase spending on e-commerce.
( 18
min )
Determining creditworthiness of smaller and medium-sized corporations isn't as easy as for larger companies, but these tips can help.
( 20
min )
SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.
( 21
min )
Industrial conglomerate Esmark offered to buy U.S. Steel for $7.8 billion, shortly after U.S. Steel rejected a $7.25 billion bid from Cleveland-Cliffs.
( 17
min )
Today's top rates on a nationwide money market account are 5.25% from UFB Direct, 5.21% from Republic Bank of Chicago, and 5.05% from All America Bank and Redneck Bank.
( 20
min )
Renting out a portion of your home to help pay the mortgage sounds like a great idea, but it may not work out the way you planned.
( 22
min )
Home Depot beat profit and sales estimates, despite lower revenue as consumers spent less on discretionary purchases, while the boost from a pandemic-era home improvement boom faded.
( 18
min )
Here are some of the factors that determine how consumers change their spending and saving habits in response to changes in interest rates.
( 20
min )
Shoppers continued to buoy the economy in July, as retail sales came in higher than analysts expected Tuesday.
( 17
min )
Investment fund Pershing Square has cut its stakes in consumer stocks, adding to its Alphabet holdings for AI exposure.
( 17
min )
Mortgage rates climbed again, with the 30-year average rising to its highest level in more than five weeks. Rates were up for most loan types, while a few averages were flat.
( 20
min )
Tesla shares slipped after introducing Model X and S versions in the U.S. that cost about $10,000 less and have a shorter driving range.
( 17
min )
When it comes to weighing whether a bank or a credit union would be better for getting a personal loan, the answer will largely depend on your financial circumstances and personal preferences.
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min )
A detailed look at how federal, state, and local governments can use the law of eminent domain to seize private property that is deemed to be necessary for the public good.
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min )
A guardian is an individual who has been given the legal responsibility to care for a child or an adult who does not have the capacity for self-care.
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A conservatorship is when a court appoints someone to manage the financial and personal affairs of an incapacitated person or minor.
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Racketeering typically refers to crimes committed through extortion or coercion. The term is typically associated with organized crime.
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min )
Despite office market woes, commercial real estate loans topped $3 trillion earlier this year, rising in every region and led by community banks.
( 18
min )
Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.
( 18
min )
Hedge fund investor Dan Loeb's fund has pivoted further toward AI, slashing a big stake in defensive stocks such as Colgate to buy Amazon, Nvidia, and TSMC.
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min )
In real-life situations, simple interest works in your favor when you're a borrower but against you when you're an investor.
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min )
There are specific factors that affect a country's overall balance of trade and how it is used as an economic indicator.
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A loss adjustment expense (LAE) is an expense associated with investigating an insurance claim. Learn how LAE helps measure a company’s profitability.
( 22
min )
Sovereign defaults, in which a nation can't pay its debts and is technically bankrupt, are actually more common than you think. Learn more about their impact.
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min )
Moody's provides economic analysis software and rates securities based on assessed risk and the borrower's ability to make interest payments.
( 23
min )
Could cryptocurrency technology help to untangle the beleaguered industry?
( 20
min )
Affordable market value (AMV) is the price charged for an apartment building sold through the FDIC’s Affordable Housing Program.
( 23
min )
De storing bij de Nederlandse Loterij, waardoor overgemaakt geld niet in de digitale portemonnee van deelnemers terechtkwam, is weer verholpen. Het overgemaakte geld wordt teruggestort.
( 3
min )
Diverse economen denken dat ons land in het tweede kwartaal net niet in een recessie is beland. Woensdag worden cijfers hierover bekendgemaakt en de verwachting is dat er een kleine groei is geweest.
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Door een storing bij de Nederlandse Loterij verschijnt overgemaakt geld niet in de digitale portemonnee van klanten. Met de zogeheten wallet kunnen deelnemers meespelen met de verschillende spellen van de Nederlandse Loterij.
( 3
min )
YouTube gaat alle video's verwijderen waarin schadelijke of onbewezen kankerbehandelingen worden gepromoot. De videosite heeft dinsdag een nieuw beleid ingevoerd tegen de verspreiding van medische desinformatie.
( 3
min )
Reizigersorganisatie Rover is niet blij met het plan van NS om de treinkaartjes duurder te maken. Volgens de belangenclub dreigt reizen met de trein voor mensen met een smalle beurs onbetaalbaar te worden.
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Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.
( 3
min )
Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.
( 3
min )
Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.
( 3
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Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.
( 2
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De roebel daalt al maanden in waarde en de centrale bank in Rusland probeert daar nu met een stevige rente-ingreep een einde aan te maken. Dat lijkt direct na het besluit ook even te werken.
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min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.
( 2
min )
Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.
( 3
min )
Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.
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min )
De Chinese economie zit in zwaar weer. De economische groei is zeer laag en er is sprake van deflatie, waarbij prijzen dalen mede doordat consumenten minder uitgeven. De Chinese centrale bank probeert met een renteverlaging voor herstel te zorgen.
( 3
min )
Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.
( 4
min )
Commerciële schepen die door het Panamakanaal varen, krijgen te maken met lange wachtrijen en vertragingen als gevolg van een langdurige droogte die het Midden-Amerikaanse land teistert.
( 3
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for two years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 20
min )
Advisors can help clients experiencing grief by following these five tips.
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Estimated long-term return is a hypothetical measure that forecasts an investor's expected return over the life of an investment.
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min )
The S&P 500 rose 0.6% on Monday, Aug. 14, 2023, while the Dow and Nasdaq gained as well, as semiconductor stocks boosted the indexes.
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min )
Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.
( 17
min )
Digital art and cryptocurrency enthusiasts may appreciate an NFT gift for the holidays.
( 26
min )
Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.
( 17
min )
Former Apple executive, Peter Stern, will craft new customer experiences at Ford, as the company expands it's electric fleet and self-driving technology.
( 17
min )
Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.
( 17
min )
Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
( 20
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USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.
( 20
min )
It's no longer a free ride, but there are still tax benefits to doing so.
( 19
min )
Swell is Ripple's annual conference for leaders in the cryptocurrency space.
( 22
min )
AMC won court approval for converting its APE shares to common stock to end shareholder litigation and paves the way for the company to raise much-needed capital.
( 17
min )
Completed operations insurance is a term for insurance that covers a contractor's liability once contracted operations cease.
( 17
min )
U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.
( 17
min )
Consumers are the most optimistic about inflation that they've been since April 2021—which could be a good sign for the economy.
( 17
min )
The term "as their interests may appear" (ATIMA) is a standard line in a business insurance plan that covers other parties doing business with the insured.
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min )
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Getting a personal loan may seem daunting, but as with so much else, the internet makes it easy. Learn how to get a personal loan online.
( 23
min )
The times-revenue method determines the maximum value of a company as a multiple of its actual revenue for a set period.
( 23
min )
U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.
( 17
min )
Shares of Nikola sank after the electric vehicle maker voluntarily recalled 209 of its Class 8 Tre semi-trucks because of potential battery fires.
( 16
min )
If the system is rigged, as Warren sees it, it must be broken and remade. Here's how she plans to.
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U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.
( 17
min )
PayPal shares rose in early trading on Monday after it tapped Intuit's Alex Chriss as its new CEO.
( 17
min )
It's been a job-seekers' market nationwide as the economy has recovered the pandemic, but the number of jobs openings is outstripping the available workers in some states more than others.
( 19
min )
Pink market stocks can increase portfolio returns by large magnitudes in a short time but come with significant risks associated with OTC markets.
( 23
min )
Using more than one financial advisor for money management has its pros and cons.
( 20
min )
Apple supplier Foxconn, the world's biggest contract electronics maker, beat estimates for second-quarter earnings as demand for artificial intelligence infrastructure soared.
( 18
min )
Stocks trading on the OTC Pink Open Market include many good companies waiting to be discovered. Find out more about the OTC's three markets.
( 24
min )
"Pink sheets" is an outdated term used to describe stocks that trade over-the-counter (OTC) in the U.S. rather than on a major stock exchange.
( 26
min )
Tesla shares slid after cutting prices on some models in China, raising concerns about an EV price war.
( 18
min )
A lending facility is used by central banks when lending funds to primary dealers that can conduct business with the U.S Federal Reserve.
( 22
min )
There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.
( 26
min )
Social media sites and apps have helped people around the world to connect and create virtual communities based on common interests.
( 23
min )
Care, custody, or control (CCC) is a liability insurance exclusion that removes indemnification for the insured when a property is in their care.
( 19
min )
Learn about the responsibilities of the International Monetary Fund and its functions regarding the international monetary system's stability.
( 21
min )
Ground-up loss is the total amount of loss covered by an insurance policy. It is an important number to know when choosing plans.
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min )
Het aantal fotografen in Nederland is de afgelopen vijf jaar flink gegroeid. Vooral het aantal vrouwen in de fotografie nam toe.
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min )
Luchtvaartmaatschappij Ryanair moet 400 euro betalen aan passagiers die afgelopen najaar vertraging opliepen omdat een steward te veel alcohol had gedronken.
( 3
min )
Wie met de trein naar bijvoorbeeld Berlijn of Parijs wil, heeft straks meer keus. Volgens een nieuw contact tussen de overheid en het spoorbedrijf rijden er de komende jaren meer treinen op diverse internationale trajecten.
( 4
min )
Big Bazar sluit twintig winkels die verlies maken en wil voor nog twintig winkels huurverlagingen krijgen. Volgens directeur Heerke Kooistra is dat nodig om de koopjesketen "gezond te houden".
( 4
min )
Budgetvlieger Ryanair annuleert maandag en dinsdag 88 vluchten van en naar het vliegveld in de Belgische stad Charleroi vanwege een staking van piloten. Dat meldt de Belgische luchthaven, die doorgaans ook door veel Nederlanders wordt bezocht.
( 3
min )
Hoewel de roebel behoorlijk in de verdrukking zit, werkt Rusland toch aan een digitale variant van de eigen valuta. De digitale roebel wordt vanaf dinsdag voor het eerst in de praktijk getest. De daadwerkelijke invoering moet al in 2025 gebeuren.
( 4
min )
Het Nederlands Forensisch Instituut (NFI) heeft mede dankzij een Europees samenwerkingsproject honderden cryptotelefoons van zware criminelen kunnen kraken. Misdadigers gebruiken zulke telefoons om niet afgeluisterd te kunnen worden.
( 3
min )
Van alle studenten die komend studiejaar recht hebben op een basisbeurs, heeft zo'n 90 procent de beurs inmiddels aangevraagd. Maandag staat de teller op 391.288. Begin juli waren ruim 200.000 aanvragen ingediend.
( 3
min )
Investeringsbedrijf Exor heeft zich voor 15 procent ingekocht bij Philips. De investeerder is in handen van de Italiaanse familie Agnelli, die ook achter onder meer het automerk Fiat en voetbalclub Juventus zit.
( 3
min )
De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?
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min )
De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?
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President Joe Biden released a statement Monday outlining what the Detroit automakers and UAW should be looking to achieve in a new contract.
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The end of earnings season always offers an opportunity to figure out what lies in store for the following months. With the Q2 results for companies in the energy sector now available, it’s time to look toward the key investment themes ahead in the space. That’s exactly what Goldman Sachs analysts have been doing. While the energy team remains “constructive” on Energy Service companies as a whole, moving forward, they see the “importance of idiosyncratic self-help drivers” as a key theme that wi
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2023 has been a strong year in US markets thus far with the S&P 500 (INDEX: .INX) up 17%. This has been led by tech giants like Apple Inc (NASDAQ: APPL), up 43.06% YTD, and Meta Platforms Inc, (NASDAQ: FB) up over 143% since the start of the year. But few stocks have done as well as NVIDIA Corp (NASDAQ: NVDA), up a whopping 202.4% YTD. NVIDIA’s success, and that of much of tech, has come from its involvement in artificial intelligence. The company produces “superchips” that underlie the technolo
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Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
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Berkshire Hathaway also added to its investment in Capital One Financial and eliminated a position in McKesson.
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U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash.
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Warren Buffett’s Berkshire Hathaway bought roughly $4.6 billion of stocks in the second quarter.
Here are some of the changes the company made to its stock portfolio in the three months through June, according to its latest 13F filing released after the bell Monday.
New Positions:
**D.R. Ho
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Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.
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(Bloomberg) -- He once ended an earnings call with a diatribe calling out a Goldman Sachs Group Inc. analyst by name: “You can run, but you can’t hide.” Three years later, another Goldman analyst was “W-R-O-N-G wrong.” Other targets have been “blind,” “horrible” and embarrassments to their parents. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapO
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Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.
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Stocks look overpriced relative to corporate profits and risk-free assets like government bonds, and higher interest rates will bite, Gross said.
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Former Disney CEO Michael Eisner has struck a deal to sell Bazooka Candy Brands to global buyout firm Apax Partners in a deal that values the iconic gum maker at around $700 million including debt.
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What does the currency’s collapse mean for Vladimir Putin’s ability to wage war?
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The $40 billion exchange offer for shares of Kenvue expires Friday but brokerage firms want retail investors to make their instructions before then
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Michael Burry, the money manager made famous in the book and film "The Big Short," held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. Burry's Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF during the quarter, and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF. Michael Lewis' nonfiction book "The Big Short" was released in 2010 and the movie version came out in 2015.
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(Bloomberg) -- Investors are bailing out of the biggest exchange-traded fund devoted to Treasuries at the fastest pace since markets were hammered during the early months of the pandemic.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinBig Tech Back in the Driver’s Seat as Stocks Climb: Markets WrapChina Finance Giant’s Missed Payments Alarm Regulators, MarketsZuckerberg Says ‘Time to Move On’ From Musk Cag
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The Russian ruble fell to its lowest level in 16 months on Monday morning as the currency continues to take a beating from its invasion of Ukraine.
( 32
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(Bloomberg) -- Argentina devalued the official peso about 18%, an admission by the government that it ran out of options to defend an unsustainable exchange rate amid dwindling reserves after a heavy electoral defeat on Sunday.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Gro
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AMC Entertainment CEO Adam Aron said a court decision to allow the company’s reverse 1-for-10 stock split was an "absolute imperative" in the wake of the COVID-19 pandemic.
( 31
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President Joe Biden is asking major U.S. automakers and their workers' union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles. The president has not yet been by the United Auto Workers as he seeks reelection, despite his broad support from organized labor going into the 2024 campaign. The UAW represents 146,000 workers at Ford, General Motors and Stellantis, which are commonly known as the big three automakers.
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A “modest number” of advisors who custodied client money at TD Ameritrade moved their business elsewhere, according to Schwab.
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The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp, adding that the company is the best strategic buyer. Cleveland-Cliffs said on Sunday that it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% to U.S. Steel's last closing price. Cliffs went public with its offer after U.S. Steel rejected the bid as being "unreasonable" and instead announced a formal review process, saying the company received multiple bids for parts or all of its business.
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(Bloomberg) -- PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses to lead the beleaguered payments giant.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ Ma
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The U.S. stock market showed impressive gains in 2023, and the latest gross domestic product (GDP) figure exceeded expectations. But according to "Rich Dad Poor Dad" author Robert Kiyosaki, the picture might not be as rosy as it appears. "Don't they know the stock market is up because Biden raised debt ceiling. America's debt is going up ... so stock market going up," he wrote in a recent tweet. "America is broke." The author's concern about America's escalating debt was echoed by Fitch Ratings.
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Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.
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Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month. Chriss will take over the CEO post from Dan Schulman, who told PayPal's board in February that he planned to retire at the end of the year. Schulman will stay on PayPal's board until its next annual shareholders meeting in May 2024.
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Nvidia is Morgan Stanley's top stock pick going into earnings, with a price target on the shares that implies another big rally for the chipmaker.
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Two suburban Philadelphia pharmaceutical companies are set to tie-up in a deal valued at up to $200 million.
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IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. In recent weeks, the company has opened up dozens of positions for AI-based roles to help develop and maintain these systems. See more on startup investing from Benzinga: Until 2016 it was illegal f
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(Bloomberg) -- The ruble crashed through the level of 100 to the dollar for the first time since March last year, as political infighting spilled into public view at a time when Russia’s war in Ukraine drags on and international sanctions throttle the economy. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightAmerica’s Fastest Growing City Is Embracing ‘Ye
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The history books show that the 9 months beginning October of a midterm election year prove to be the most consistently profitable spell in the stock market. Given the stock market gains recorded in the 9 months since last October, that trend played out again as expected. It’s a period billionaire Ken Fisher has termed the ‘midterm miracle.’ The nice thing about that timeframe, says Fisher, is that it is usually followed by another strong period, albeit not quite as fruitful. Fisher has a term f
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Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.
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Alex Chriss will succeed Dan Schulman as chief executive effective Sept. 27, the company said.
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AMC Entertainment's shares slid 35% on Monday on fears that the approval of a revised stockholder settlement will allow the company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45, levels just before the meme stock mania of January 2021 when retail traders hyped up the stock on online forums like Reddit. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 15% to $2.05.
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The common shares of the theatre chain operator fell 38% to $3.25 in premarket trading, while its preferred shares rose 18% to $2.09. AMC aims to increase its Class A common stock to 550 million from about 524 million, it said in a regulatory filing. The company would make a settlement payment of one Class A common stock for every 7.5 Class A shares to the entitled shareholders after the reverse stock split.
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Chesapeake Energy is finally exiting the Eagle Ford Shale in South Texas thanks to a $700 million deal with a Houston-based company.
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My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.
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Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable Trust Protect Assets from Nursing Homes? appeared first on SmartAsset Blog.
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The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.
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(Bloomberg) -- Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition of some retail and advisory clients’ assets while it integrates TD Ameritrade into its business.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Share
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Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services. In recent months, consumers have been spending more on services such as travel and entertainment, while cutting down on non-essential purchases including clothing and home goods amid high inflation. "Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said.
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AMC Entertainment's shares slid 35% in premarket trading on Monday on fears that the approval of a revised stockholder settlement will allow to company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45 in trading before the bell. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 27.5% to $2.27.
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The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.
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The billionaire Lloyd Blankfein even reportedly offered to come back to the company.
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The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency. President Vladimir Putin’s economic adviser, Maksim Oreshkin, on Monday blamed the weak ruble on “loose monetary policy” in an op-ed for state news agency Tass. Oreshkin said Russia’s central bank has “all the tools necessary” to stabilize the situation and said he expected normalization shortly.
( 31
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Nikola Corp. shares fell in early trading after the manufacturer announced it will recall trucks and temporarily stop sales after several battery fires.
( 31
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(Bloomberg) -- It’s a decisive week for investors looking to get involved in Johnson & Johnson’s record split-off of most of its $40 billion stake in Kenvue Inc., the maker of Tylenol and Listerine.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Shares Soar After It Rejects $7.25 Bil
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Cleveland-Cliffs, the largest flat-rolled steel producer in North America, said on Sunday it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% premium to U.S. Steel's last closing price. Despite the surge, shares of U.S. Steel were trading well below the offer price at $27.92, indicating some investors believe a deal may not happen at that price.
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The Charlotte banking veteran, who retired this year, is widely credited for leading Wells Fargo's transformation after its fake-accounts scandal. Here, she talks to CBJ about that process, her 38-year career and retirement plans.
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Bank of China Ltd, China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing's "common prosperity" drive, three sources with knowledge of the matter said. President Xi Jinping launched the common prosperity drive in 2021 as an effort to reduce income inequality, which could threaten long-term economic growth and even the legitimacy of Communist Party rule. The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC).
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The company has agreed to offload about 42,000 net acres and about 540 wells of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment. In February, the gas producer agreed to sell a portion of its Eagle Ford asset to INEOS Energy for $1.4 billion.
( 31
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U.S. Steel rejects Cleveland-Cliffs bid and explores options, retailers reporting earnings, and other news to start your day.
( 26
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It's all about stock dilution. A court ruling paves the way for APE units to be converted into common AMC stock, diluting the float.
( 27
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Toyota Tundra and Tundra Hybrid vehicles, and Chrysler Jeep Wagoneer and Grand Wagoneer cars among 270,000 vehicles recently recalled.
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(Bloomberg) -- About three years after Texas oil producer Denbury Inc. emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that rivals some of the industry’s most generous compensation packages.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In Firs
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The industry’s wartime windfall is dwindling.
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The European medical-technology supplier is starting to emerge from a torrid period marked by the recall of machines for treating sleep apnea.
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Bitcoin is seeing a period of historically low volatility. The absence of movement despite catalysts is beginning to look troubling to analysts.
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Foxconn’s results mirror those of Apple’s most recent numbers, which showed a drop in iPhone and iPad sales.
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The company, which was built by Andrew Carnegie and J.P. Morgan, might not be independent for much longer.
( 32
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U.S. Steel rejects an unsolicited buyout offer from rival Cleveland-Cliffs, Tesla again cuts prices in China, and AMC stock tumbles after a court approves the movie-theater chain's revised stock-conversion plan.
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(Bloomberg) -- Hon Hai Precision Industry Co. now expects 2023 sales to fall after previously forecasting flat revenue, sounding a warning about demand for the devices it makes for Apple Inc. and other global firms.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a
( 32
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(Bloomberg) -- Trading in European stocks was muted on Monday as investors weighed signs of trouble in the Chinese property market before turning their attention to Federal Reserve policy minutes later in the week.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a W
( 31
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(Bloomberg) -- The Agnelli family’s Exor NV bought a minority stake in Dutch medical technology company Koninklijke Philips NV.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaOutsider Milei Upends Argentina’s Election With Primary WinGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a Waiting Game to Try to Avoid a RecessionExor, a holding company, bought a 15% stake in P
( 31
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(Bloomberg) -- China’s State Council released a plan to further attract foreign investment and improve the business environment, including tax and visa measures, as it seeks to bolster the flagging economy. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidChina aims
( 31
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The rouble fell past 100 per U.S. dollar on Monday just as President Vladimir Putin's economic advisor said Russia was interested in a strong rouble and said that loose monetary policy was the main reason behind the Russian currency's weakening. The rouble fell to 100.35 roubles against the U.S. dollar in early trade. "The current exchange rate has deviated significantly from fundamental levels, and its normalization is expected in the near future," Putin's economic advisor Maxim Oreshkin told TASS news agency.
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(Bloomberg) -- Country Garden Real Estate Group Co Ltd. said it will suspend trading in nearly a dozen onshore bonds starting Monday, two days after the Chinese real estate company’s controlling shareholder said it would report a multi-billion-dollar loss for the first half of this year.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsoli
( 32
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Asian stock markets tumbled Monday after stronger U.S. inflation revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.4%. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.
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Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom.
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It's been a nervy start to the week in Asia as concerns about China's debt-laden property sector take a toll on stocks and the yuan, which hit its lowest in a month despite a strong fix from the PBOC. Chinese blue chips lost 1.1%, on top of a 3.4% decline last week. One month of negative consumer prices is not really deflation, which is defined as a sustained fall in the price level across an economy.
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The market cap of TrueUSD has more than doubled since March, but some investors are concerned about its opaque ownership structure.
( 27
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(Bloomberg) -- Tesla Inc. rolled out a new round of price cuts in China, sending auto stocks tumbling on concerns the move will respark a bruising price war that had showed signs of abating. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Outsider Milei Upends Argentina’s Election With Primary WinUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Playing a Waiting Game to Tr
( 32
min )
(Bloomberg) -- Tesla Inc. has cut the price of its two higher-end Model Y vehicles in China by 14,000 yuan ($1,900) in the latest salvo in a bruising price war. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe electric vehicle maker cut the price of its Model
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Asian stock markets tumbled Monday after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.3% and Shanghai, Tokyo and Sydney also fell. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.
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(Bloomberg) -- One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Play
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(Bloomberg) -- Hedge funds turned the most bullish on the Australian dollar than they’ve been at any point this year, just before concerns over a slowing Chinese economy pummeled the currency.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidLeveraged funds’ Aussie po
( 31
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(Bloomberg) -- China’s benchmark stock index is set to erase all of the gains it made since a key political meeting was held in late July as the economy struggles to gain momentum and optimism over stimulus wanes. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowT
( 30
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U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS Group, it said on Monday. The now transferred retail business includes retail banking, credit card, mortgage and unsecured lending businesses, as well as the transfer of close to 3,000 employees. Citi's institutional business in Taiwan was excluded from the sale.
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HONG KONG (Reuters) -Shares of China's Country Garden plunged more than 12% on Monday morning after the real estate company suspended trading in 11 of its onshore bonds from Monday. Markets are jittery as more developers default on bond payments amid no signs of stronger support measures from Beijing. Country Garden last week missed payments of two dollar bond coupons due on Aug. 6 totalling $22.5 million, confirming market fears that the developer was slipping into repayment troubles.
( 31
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Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.
( 33
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United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence.
( 32
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Here's why Cleveland-Cliffs wanted to buy US Steel.
( 15
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(Bloomberg) -- Asian equities were set to fall on Monday after shares on Wall Street capped off a poor week on a down note and as China’s worsening property slump damps market sentiment.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowFutures for stocks in Austral
( 33
min )
Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields pressured sky-high valuations on tech stocks and underpinned the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.2%, after shedding 2% last week. Japan's Nikkei was off 0.1%, though exporters have drawn support from the weak yen.
( 32
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(Bloomberg) -- Foreign investors are losing interest in China, and hedge funds that target the world’s second-biggest economy are paying the price.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe number of active China-focused hedge funds has slipped for the f
( 33
min )
(Bloomberg) -- Gas is back as a risk to the global economy with potential strikes in major producer Australia threatening to shatter the fragile balance of global supplies -- and send consumer bills rising once more.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish Shado
( 33
min )
(Bloomberg) -- Oil edged lower after capping seven weeks of gains — the longest rally since mid-2022 — driven by signs of a tightening market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowWest Texas Intermediate fell below $83 a barrel following the 20% surge i
( 31
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PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable.
( 33
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Cleveland-Cliffs disclosed Sunday afternoon that it had made an offer for United States Steel Corp. that was rejected by the Pittsburgh-based company's board. Cleveland-Cliffs said it was still willing to engage in talks to reach a merger agreement.
( 11
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Plug Power will borrow up to $1.5 billion over the next 18 months as the Latham manufacturer focuses on expanding its network of hydrogen generation plants.
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Boosted by the AI craze, it’s been a vintage year for tech stocks, but the summer season is proving to be a bit shakier so far. Since mid-July, the trend has been down, with the tech-heavy NASDAQ shedding ~5%. This naturally raises the question: should we be ringing the alarm bells due to this shift? Not at all, says Wedbush’s Daniel Ives, a 5-star analyst rated in the top 2% of the Street’s stock pros. Ives believes that the new bull market is simply taking a breather, and he asserts that the p
( 34
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The steel company built by Andrew Carnegie and J.P. Morgan might not be independent for much longer.
( 26
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(Bloomberg) -- Cleveland-Cliffs Inc. said it made a bid to purchase United States Steel Corp. in a cash and stock deal as it looks to create one of the world’s largest steelmakers.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowUS Steel Explores Strategic Alternatives After Getting Unsolicited BidsDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose
( 31
min )
Hedge fund legend Ray Dalio and economist Nouriel Roubini are among commentators who have warned of a full-blown debt crisis headed for the US.
( 33
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All eyes were on San Francisco this week as critics and supporters of deploying self-driving cars on public roads awaited a vote from the California Public Utilities Commission. Tl;dr: it was a win for the autonomous vehicle industry. If you haven't been following, the CPUC approved the last remaining permits to Cruise and Waymo, giving the two companies the green light to offer commercial robotaxi services across San Francisco 24 hours a day, seven days a week.
( 34
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(Bloomberg) -- Goldman Sachs Group Inc. economists anticipate the Federal Reserve will start lowering interest rates by the end of next June, with a gradual, quarterly pace of reductions from that point.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for
( 31
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We'll see earnings from Walmart, Ross Stores, Applied Materials, Cardinal Health, and others. Economic data for the week will include Fed minutes, retail sales, and housing figures.
( 27
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(Bloomberg) -- United States Steel Corp. says it is initiating a formal review of strategic alternatives after it received “multiple unsolicited” proposals.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for Signs of Stock Market TroubleThe proposals rang
( 31
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The decision follows the company "receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company," CEO David Burritt said, without disclosing more details on the strategic alternatives. U.S. Steel, which has been raising prices to offset the impact from higher costs related to raw materials and energy, has seen strong demand for its steel products helping the company beat profit estimates for the second quarter.
( 31
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On Friday, the average 30-year fixed mortgage rate jumped to 7.19%. But where will it go next?
( 32
min )
(Bloomberg) -- Saudi Arabia has completed an early purchase of more than 35.7 billion riyals ($9.5 billion) of outstanding debt and will issue about 35.9 billion riyals in sukuk as the kingdom plans to bolster its domestic market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowLook to the Options Market for Signs of Stock Market TroubleHac
( 30
min )
(Bloomberg) -- Bitcoin ETF candidates got another dose of disappointment when US regulators on Friday punted on making a decision on such a product. But the next time they hear from them might be just a few weeks away. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick
( 32
min )
Yes, it was a dumb move if you think short term. But long term, it still seems like a good bet.
( 26
min )
Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.
( 32
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Building wealth is one thing. Feeling comfortable is another entirely.
( 32
min )
An irrevocable trust is a legal entity that cannot be altered, amended or revoked after its creation. Irrevocable trusts are typically established to protect assets from creditors, benefit the beneficiaries and minimize estate taxes. But there are circumstances that warrant the termination of an irrevocable trust like when its purpose is fulfilled or its assets […] The post Tax Consequences of Terminating an Irrevocable Trust appeared first on SmartReads by SmartAsset.
( 33
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With the second-quarter earnings season coming to a close, companies have exceeded analysts’ estimates at a greater rate than usual. Yet investors aren’t rewarding positive surprises.
( 25
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(Bloomberg) -- The old playbook of selling emerging-market bonds when Treasury yields spike is being upended by the positive dynamics favoring developing-nation debt. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowEmergin
( 32
min )
Calpers scooped up volatile stocks including game firm Roblox, EV maker Lucid, and PC manufacturer HP in the second quarter. It cut back on Intel.
( 26
min )
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Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.
( 19
min )
Retailers Home Depot, Target and Walmart will headline the companies slated to report quarterly results this week. Mortgage applications data will also be released.
( 32
min )
Most investors know that stocks follow earnings. That’s a fact.
( 32
min )
Kroger, Giant Eagle and other grocers expand their prepared meals. Meanwhile, Chipotle, Taco Bell and other restaurants aim to defend their turf.
( 28
min )
More vacationers are getting it as severe weather and other threats put expensive trips at risk.
( 26
min )
Billionaire activist investor Carl Icahn is weathering one of his career’s most trying periods, but some on Wall Street say don’t count him out yet.
( 23
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(Bloomberg) -- Freezing winter weather seems a remote concern as Europe swelters, but traders and strategists got a reminder last week of the continent’s fragile energy security and bond-market risks. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesMaui Now Looks a Lot Less Like Parad
( 33
min )
Berkshire is due to release its quarter 13-F filing Monday the make-up --and any changes -- in its $350 billion equity portfolio in the second quarter.
( 27
min )
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast joins EVs trading in U.S.; Mullen’s reverse stock split; and UAW talks get heated.
( 33
min )
More than 800,000 homeowners face a double mortgage rate shock as the Bank of England warns interest rates will stay high for years.
( 31
min )
On a mild September day in 2015, a man walked into Walsall shopping centre in the West Midlands and headed straight for the local NatWest branch.
( 37
min )
Signs of economic strength are bringing new scrutiny to the inverted yield curve.
( 21
min )
Country risk premium (CRP) is the additional return or premium demanded by investors to compensate them for the higher risk of investing overseas.
( 25
min )
The Department of Housing and Urban Development is responsible for the living conditions of millions of Americans.
( 21
min )
There are a few theories on the origin of the abbreviations used for debit (DR) and credit (CR) in accounting. Here's an overview of the terms.
( 22
min )
Frictional and structural unemployment are two different types of unemployment that occur in an economy. Frictional unemployment occurs when workers search for jobs.
( 21
min )
Dive into game theory and the Nash equilibrium, and learn why the equilibrium assumptions about information are less important with a dominant strategy.
( 20
min )
An accelerated death benefit (ADB) allows a life insurance policyholder advances against the death benefit if diagnosed with a terminal illness.
( 20
min )
Variable life insurance is a permanent life insurance product with separate investment accounts, and often offers flexibility regarding premium remittance and cash value accumulation.
( 22
min )
Licensed for reinsurance only means a company can provide services specifically related to reinsurance in the state that has granted the license.
( 19
min )
Learn about the different depreciation and amortization rules pertaining to leasehold improvements for tax basis and GAAP financial statements.
( 19
min )
Vacant home insurance protects homes that aren’t being lived in. Here’s what vacant home insurance is, how it works, if you need it, and what it covers.
( 23
min )
Most home renovation projects fail to pay for themselves at resale; savvy homeowners learn how to choose the upgrades that really add value.
( 25
min )
A PPO is an arrangement with an insurance company in which a network of medical professionals and facilities provide services at reduced rates.
( 23
min )
Government assistance programs are in great demand when there is high unemployment or low wages. Learn what’s available, how to qualify, and where to apply.
( 42
min )
A special needs child is one that requires extensive medical, educational, or emotional support.
( 24
min )
Interest rates in many nations are at record low levels. We look at the five nations with the lowest rates.
( 20
min )
Most Value at Risk models assume away extremely high levels of volatility. This makes VaR particularly poorly adapted, yet well-suited, for stress testing.
( 19
min )
See why aggregate demand and gross domestic product (GDP) aren't necessarily the same, according to Keynesian macroeconomic theory.
( 19
min )
Barstool Sports founder Dave Portnoy bought back his company for $1 from Penn Entertainment, as Penn Entertainment sold 100% of outstanding Barstool shares to Portnoy after signing a deal with ESPN to rebrand their existing sportsbook, without Barstool. Portnoy has a net worth of $100 million.
( 18
min )
An ETF is a good way to get broad exposure without taking on specific risk, but calculating performance may be a bit tricky.
( 21
min )
Fitch is an international credit rating agency based out of New York City and London that investors often use to make investing decisions about stocks and bonds.
( 21
min )
Learn about moral hazard, how it can affect outcomes and how it contributed to the conditions that led to the 2008 financial crisis.
( 18
min )
Customers opt for pricing over brand names but Amazon's scaling back its private label operations even as other retailers such as Walmart and Costco continue to derive value.
( 18
min )
Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.
( 19
min )
A blanket honesty bond is a fidelity bond that protects employers from losses due to dishonest acts of employees.
( 19
min )
Business liability insurance protects a company and/or business owner in the event of a formal lawsuit or any third-party claim.
( 21
min )
A cut-through clause is a reinsurance provision that lets a party, other than the ceding company and reinsurance company, have rights under the agreement.
( 19
min )
The sales comparison approach is an appraisal method that compares real estate to other properties with similar characteristics.
( 24
min )
The credit market is where investors buy bonds and other credit-related securities. It is also where governments and corporations raise funds.
( 22
min )
Je gebruikt misschien (nog) een platte telefoon, maar vouwtelefoons worden elk jaar beter. Dat bewijst Samsung met de Galaxy Z Flip 5, die uitblinkt met een nieuw scharnier en een groter scherm op de voorkant.
( 7
min )
De Chinese overheid probeert China aantrekkelijker te maken voor buitenlandse investeerders en wil het ondernemingsklimaat verbeteren, staat in een nieuw rapport van de regering.
( 3
min )
Dagattracties in Nederland hebben het een stuk drukker gekregen nu het weer zonnig is. "Het is zomerdrukte. Eindelijk regent het niet meer en dat merken we wel", zegt een woordvoerder van de Efteling.
( 3
min )
Particuliere beleggers die geld hebben verloren na de overname van Credit Suisse door bankconcern UBS spannen een rechtszaak aan. Ze proberen de uitkoop aan te vechten bij de rechter, meldt Financial Times zondag.
( 3
min )
Particuliere beleggers die geld verloren na de overname van Credit Suisse door bankconcern UBS in maart spannen een rechtszaak aan om de uitkoop aan te vechten, meldt Financial Times zondag.
( 3
min )
Project, een grote Duitse vastgoedontwikkelaar, heeft faillissement aangevraagd. Daardoor komen meerdere miljardenprojecten verspreid over Duitsland stil te liggen.
( 3
min )
(Bloomberg) -- Across Wall Street, there’s growing relief that the Federal Reserve — at long last — may be done raising interest rates. But that doesn’t mean turbulence in the bond market will soon become a thing of the past. Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterMaui Now Looks a Lot Less Like ParadiseLook to the Options Market for Signs of Stock Market TroubleBankman-Fried in Custody After Bail Is Revoked Over LeaksInvestors anticipate that US Treasuri
( 33
min )
Nikola is recalling about 209 of its battery-powered commercial trucks after an outside investigation indicated a defective battery part likely caused a fire in one of the trucks.
( 27
min )
A.I. "is turning out to be the missing piece in a large number of important, almost-completed puzzles," said the Y Combinator cofounder.
( 31
min )
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Learn the eligibility requirements to get an interest-free loan for home improvement projects from your county's housing agency.
( 22
min )
Just when you thought inflation is going down, the cost of food, fuel, mortgage rates and credit card debt has gone up, eating away Americans' wallets.
( 32
min )
Consumer bitcoin provider Azteco recently announced an $84 million seed funding round led by Jack Dorsey as the company introduces Bitcoin gift cards.
( 32
min )
Yieldstreet owns around 700 homes. But it hasn't bought any homes in 2023.
( 33
min )
NEW DELHI (Reuters) -India's Adani Ports on Saturday said Deloitte's reasoning to quit as auditor of the company was "not convincing or sufficient to warrant such a move" and the global firm had all the necessary information it required to conduct the process. Deloitte had decided to resign from the role amid concerns over certain related party transactions flagged in a report by U.S. short seller Hindenburg in January, but the Indian company did not wish to look into them independently, a source told Reuters on Friday. The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani.
( 32
min )
As natural disasters like the fires in Maui, Hawaii, inflict more damage on homes and properties, people are looking to protect against potential losses. That means brisk business for insurers—and opportunities for investors.
( 26
min )
Depending on your goals and plans, $3 million can be enough to cover early retirement at 40. However, certain factors will affect whether $3 million is enough. For example, your retirement needs and life expectancy play a big role. Here's … Continue reading → The post Is $3 Million Enough to Retire at 40? appeared first on SmartAsset Blog.
( 32
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If you have $5 million saved and are thinking of retiring at 45, the good news is you can certainly do so. The bigger question is how you'll need to plan your retirement around that amount and your early retirement … Continue reading → The post Can I Retire at 45 with $5 Million? appeared first on SmartAsset Blog.
( 33
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The existence of fiduciary duty does not prevent potential conflicts of interest. Could you explain a little more about this idea? What types of conflicts could arise even with a fiduciary? – Marianne Finding a fiduciary is a great start … Continue reading → The post Ask an Advisor: What Conflicts of Interest Can Arise Even With a Fiduciary? appeared first on SmartAsset Blog.
( 33
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Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.
( 19
min )
The good news for retirement savers using 401(k) plans and similar workplace retirement accounts is that the improving stock market is raising account balances. The average 401(k) is up by an average of $7,250 – a gain of 9.6% – since the end of 2022, according to a Bank of America report. The report also […] The post Here’s How Much Americans’ 401(k) Balances Have Grown in 2023. Is Yours Keeping Pace? appeared first on SmartReads by SmartAsset.
( 33
min )
Artificial intelligence will transform advising, and will be used for everything from constructing more efficient portfolios to answering client questions.
( 26
min )
Ufuk Akcigit and Sina Ates wrote a paper in 2019 that tracked four decades of economic decline in the U.S. The problems haven't gone away.
( 36
min )
Another bucket of cold water threatens the once-hot trend of amateur day trading.
( 26
min )
Washington has laid the seeds of a crisis that Wall Street can no longer ignore.
( 25
min )
The chief financial office’s move to step down is the latest example of high-level churn at the electric-vehicle company.
( 27
min )
Despite month after month of falling prices, the housing market has so far avoided the most pessimistic forecasts for a market crash.
( 33
min )
Two ageing French billionaires sit atop the global luxury market: Bernard Arnault and François Pinault.
( 34
min )
Rising home values and higher mortgage rates have eroded the savings on monthly costs for many who are considering buying now.
( 27
min )
Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin traders. Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1000 SHIB per contract with up to 25x leverage.
( 30
min )
The wait-and-see attitude of home buyers is deepening the slump and complicating policy makers’ attempts to revive economic growth.
( 26
min )
China’s share of U.S. imports hits a 20-year low, with Mexico and Canada becoming America’s top two trade partners.
( 27
min )
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday.
( 33
min )
AI hype drove huge gains among some tech stocks in the first half of 2023. Lately, that has gone into reverse.
( 31
min )
(Bloomberg) -- China’s lapse into deflation is emerging as the latest risk for its struggling stock market, denting investor optimism over a much-anticipated earnings rebound. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleMaui Now Looks a Lot Less Like ParadiseHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesThe CSI 300 Index just
( 32
min )
A credit rating is an assessment of the creditworthiness of a company or government—in general terms or with respect to a particular debt or financial obligation.
( 27
min )
Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations. Learn how it works.
( 24
min )
HO5 insurance, a type of home insurance, covers everything and will put the onus on your insurance provider.
( 24
min )
XRP's role in Ripple's ecosystem is confusing, causing many to quickly lose interest in its utility and invest elsewhere. Here's an explainer of its role.
( 22
min )
Abstract of Title is the summarized historical legal record of a piece of property.
( 18
min )
The question of whether to buy or rent in the San Francisco Bay Area is a tough one because both options are pricey. Here we discuss how to decide.
( 24
min )
Learn the eligibility requirements to get an interest-free loan for home improvement projects from your county's housing agency.
( 22
min )
A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured files a claim.
( 18
min )
Eviction is the process by which a landlord can remove a tenant from a rental property. It typically involves court proceedings but governments offer some protections.
( 25
min )
Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.
( 17
min )
News this week that consumer prices in China fell 0.3% from the year before set off alarm bells because deflation can devastate economies.
( 17
min )
Annual Renewable Term insurance is term life insurance with a guarantee of future insurability for a set period of years on a renewable basis.
( 20
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, warmte en (land)bouw geven. Deze week: hoe een rijksmonument in Amsterdam groen en gasloos werd.
( 5
min )
Verschillende grote muziekmaatschappijen hebben de non-profitorganisatie Internet Archive aangeklaagd omdat die het auteursrecht zou hebben geschonden door duizenden oude muzieknummers en -opnames online te zetten.
( 3
min )
Waar de prijzen in Nederland al een jaar omhoogschieten, was er in China in juli voor het eerst in meer dan twee jaar sprake van dalende prijzen. De angst voor die deflatie neemt toe. Waarom is dat een probleem?
( 4
min )
De van fraude verdachte oprichter van de failliete cryptobeurs FTX, Sam Bankman-Fried, is opnieuw gearresteerd. Hij was op borgtocht vrij, maar een rechter heeft de borgtocht vervroegd ingetrokken.
( 3
min )
Bij een vakantie in eigen land hoef je niet te vrezen voor kostbare terugvluchten of een hoge medische rekening. Daarom kun je denken dat een reisverzekering niet nodig is. Sluit je dan alleen nog een polis af voor je bagage?
( 6
min )
Standard & Poor's (S&P) is globally known for its variety of investable, benchmark financial indices, along with its independent credit ratings.
( 26
min )
Get to know the relationships that determine a bond's price and its payout.
( 27
min )
Credit agencies gather debt information that is used to generate a score that indicates creditworthiness.
( 21
min )
Retired securities have been repurchased by the issuer out of the company's retained earnings and canceled.
( 19
min )
An administrative charge is charged by an insurer to cover expenses related to record keeping and/or other administrative costs.
( 18
min )
Comprehensive insurance is car insurance that covers damage to your car from causes other than a collision. Learn about comprehensive insurance costs.
( 24
min )
Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.
( 19
min )
Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.
( 18
min )
Associate in Insurance Services (AIS) is a designation earned by insurance professionals and conferred by The Institutes.
( 18
min )
Former FTX CEO Sam Bankman-Fried had his bail revoked and was sent to jail ahead of his October criminal trial for alleged witness tampering.
( 18
min )
The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.
( 33
min )
U.S. equities were mixed, with the S&P 500 losing 0.1% on Friday, Aug. 11, 2023, after a higher-than-expected rise in producer prices.
( 16
min )
Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.
( 17
min )
Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.
( 38
min )
Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.
( 22
min )
News Corp shares climbed after the company posted better-than-expected results on cost-cutting moves, and said artificial intelligence would help boost future results.
( 18
min )
Small businesses can be nimble and innovative, but larger companies have name recognition, can raise capital, and have other advantages that are hard to beat.
( 19
min )
Surplus lines insurance policies offer coverage for risks that regular insurance companies don’t want to take on.
( 21
min )
Single-premium life insurance charges the policyholder just one lump-sum premium payment to guarantee the death benefit.
( 21
min )
A shortage of homes for sale boosted housing values in June to a record $46.8 trillion, surpassing last year's previous all-time high of $46.6 trillion. In more affordable markets, the typical home still sells for below the national median of $426,056.
( 18
min )
The SEC has announced they have delayed a decision on ARK Invest's bitcoin ETF application in an effort to gather more comments from the public.
( 17
min )
Net premiums written is the sum of premiums written by an insurance company over time, minus premiums ceded to reinsurance, plus any reinsurance assumed.
( 19
min )
A capital stock insurance company is an insurer that gets capital from stockholder contributions, in addition to other reserve or surplus accounts.
( 19
min )
Flying in the U.S. is now 10% lower than pre-pandemic prices and air travel demand is up 12% from the same time last year.
( 17
min )
Marginal propensity to consume (MPC) is how much more individuals will spend for each additional dollar earned. Here's how to calculate MPC.
( 24
min )
Despite being followed so relentlessly, the consumer price index (CPI) has its limitations and is an imperfect measure of inflation and the cost of living.
( 23
min )
Here’s a look into the importance of microeconomics and how individuals use this theory in the case of leasing an apartment from a landlord.
( 21
min )
Shares of Maxeon Solar Technologies plunged after the company reduced its outlook because of a decline in demand for solar products.
( 17
min )
Markets were mixed at midday on Friday, Aug. 11, 2023 after the Labor Department's latest report on wholesale inflation showed producer prices rose more than expected last month.
( 17
min )
KZT is an abbreviation for the Kazakhstan tenge (KZT), the currency of Kazakhstan.
( 18
min )
Find out what real estate agents are likely to lie about, the reasons for the lies, and how to protect yourself from unscrupulous agents.
( 20
min )
The University of Michigan's Consumer Sentiment Index fell 0.6% to 71.2 in August from 71.6 in July.
( 18
min )
The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.
( 23
min )
Crypto trading platform Bittrex, that shuttered its U.S. operations earlier this year, will pay $24 million to settle SEC charges for running an unlicensed exchange, broker, and clearing agency.
( 19
min )
Swiss megabank UBS has agreed to voluntarily end a $10 billion backstop used to cover potential losses from its merger with Credit Suisse.
( 17
min )
The Family and Medical Leave Act is sparse and makes the U.S. one of the only countries that has no mandated form of paid leave for new parents.
( 25
min )
Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.
( 17
min )
Alphabet's Waymo and General Motor's Cruise received regulatory approval to expand their robotaxi services to offer driverless ride-hailing services 24/7 across San Francisco.
( 17
min )
Archer Aviation will team up with Boeing for autonomous flying technology after ending litigation, as the startup prepares to grow with an FAA nod for test flights and another $215 million in funds from investors.
( 18
min )
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.
( 22
min )
The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. Learn why they're important.
( 23
min )
Here is how the Shell Fuel Rewards Card works including where and how to apply, where it can be used, interest rates and fees charged, and the rewards and benefits involved.
( 22
min )
Learn how the law of supply and demand affects prices, whether supply remains the same and demand increases or vice-versa, plus the exceptions to the rule.
( 24
min )
Elasticity and Inelasticity of demand are the degrees to which demand changes in response to price changes, income levels, and substitution.
( 24
min )
The costs of attending NYU—including paying NYU’s tuition bills—are above average, even for private universities. But research shows it's a wise investment.
( 24
min )
A unit linked insurance plan (ULIP) is an investment product that provides insurance payout benefits.
( 23
min )
The International Institute for Management Development is one of the top graduate business schools in the world, located in Lausanne, Switzerland.
( 22
min )
As stocks sink into an August malaise, it’s time to think about what could go right for investors.
( 26
min )
Shares of movie-theater chain sink late Friday as settlement clears plan to issue more shares, raise capital.
( 25
min )
Stocks rose, fell, rose and fell, ultimately finishing lower this past week. Tech feels the pain.
( 26
min )
Wayfair looks headed for accelerated gains in sales and profits.Plus, insights on Petrobras, UPS, and Six Flags.
( 26
min )
Consumers are still feeling the pinch of higher prices, despite data showing moderating inflation. Bottom line: Don’t count on Fed rate cuts in 2024.
( 26
min )
"Rome was not built in a day, and neither will the AI ecosystem but this build out is unlike anything we have seen since the Internet in 1995."
( 31
min )
Lloyd Blankfein called his successor as Goldman's CEO, David Solomon, to complain about the bank's slumping stock and offer to help out, report says.
( 32
min )
Plus, the SEC fined Wells Fargo and others for not keeping records of business communications.
( 30
min )
10-year Treasury yields are rising faster than two-year yields for one of two reasons. Determining the right one will make all the difference.
( 26
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NextEra Energy owns the largest renewables business in the U.S., and the biggest utility. The stock’s selloff offers an opportunity.
( 26
min )
The fast-fashion company now rivals H&M and Zara, but questions over its labor practices are increasingly taking the spotlight.
( 34
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A long awaited plan to convert preferred equity units into AMC's common stock was approved in Delaware court, sending shares down in late trading Friday.
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Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.
( 21
min )
Oil prices are heading to a record again, and it’s increasingly clear the gains are no fluke. Demand hit a record in June and is on track to stay at high levels for the rest of the year.
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(Bloomberg) -- AMC Entertainment Holdings Inc. won court approval of a stock conversion plan that had spurred a shareholder lawsuit and cast a cloud over the movie theater chain’s efforts to secure new financing.Most Read from BloombergBiden Fears China Economy Is ‘Ticking Time Bomb’Jeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Now Looks a Lot Less Like ParadiseConsulting Firms Are Paying Undergrads $2
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Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.
( 19
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AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.
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WILMINGTON, Delaware (Reuters) -AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.
( 31
min )
Research shows that the amount of dopamine released in response to a reward is increased when the reward is unpredictable.
( 33
min )
“Friday is increasingly winning out in the WFH stakes,” the WFH Research cofounder tells Fortune.
( 32
min )
(Bloomberg) -- Deep within the underbelly of the options world lies a threat to the stock-market calm that’s prevailed all year. Most Read from BloombergMaui Now Looks a Lot Less Like ParadiseJeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandBankman-Fried in Custody After Bail Is Revoked Over LeaksDavid Solomon Scrutiny Spreads From Goldman to Alma MaterWhile benchmark indexes just limped to one of their smallest weekly changes of 2023, intraday moves tell a different st
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The biggest question for the island’s companies—and broader economy— will be how long tourists might stay away.
( 27
min )
A United Kingdom-based investment firm and seven entities of GKN Aerospace have asked the Missouri Supreme Court to dismiss them from a lawsuit that The Boeing Co. filed, arguing they are not subject to state law because they aren’t incorporated here.
( 13
min )
Only eight companies in the S&P 500 have larger market values than Apple's outlay on share repurchases over the last decade.
( 32
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Truist's shares slid earlier this week following Moody's decision to review the bank for a potential downgrade. But as of Friday, its stock had started to make a comeback.
( 11
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The weight-loss and diabetes injectables have seen a surge in demand primarily in the U.S., buoying Novo Nordisk’s profits in the first half of 2023.
( 33
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Thursday, Boeing and Archer Aviation settled litigation. Boeing even took a stake in the flying car start-up. Archer shares surged initially but gave back some early gains.
( 26
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Electric-vehicle makers Lucid Group and Rivian have similar market values. That doesn't make a lot of sense for European firm Exane BNP Paribas.
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min )
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Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.
( 17
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Comcast’s broadband network is crucial to the future of technology. Even so, its stock is cheap compared with buzzier names like Netflix, Nvidia, and Meta Platforms.
( 26
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On Tuesday, Rivian Automotive Inc (NASDAQ: RIVN) posted its second quarter results. The Amazon.com Inc (NASDAQ: AMZN)-backed EV maker posted a narrower than expected loss while lifting its production guidance. Rivian shares initially went up nearly 3% after the report, but its stock has soared 80% over the past 90 days as it continues to enjoy growing demand for its electric pickup and sport utility vehicle despite raised borrowing cost. While its EV rivals burn cash to ramp up production and fo
( 32
min )
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital. The post Cash-poor transportation startups gambling for fresh capital appeared first on FreightWaves.
( 35
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It's always risky for an investor to buy or sell shares of a stock right before an earnings report because nobody can predict with 100% accuracy how a company will perform, nor is it possible to gauge how Wall Street will react to the news. When a company misses the earnings estimate, sometimes it gets shrugged off if the revenue beats the estimates. Other times the earnings may beat the estimates, but the revenue falls short of expectations and that precipitates a sell-off in share price. Anoth
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Customers in the proposed class action said HP concealed how its printers enter an "error state" when low on ink, disabling scanning and faxing functions that do not require ink, and forcing them to buy unnecessary, high-margin ink cartridges. U.S. District Judge Beth Labson Freeman in a decision on Thursday found sufficient allegations that HP knew about the defect, citing a message board post where a support agent told a customer that his printer "will not function" without ink.
( 31
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For anyone in the market for a corporate jet, federal regulators have just the thing for you.
The Federal Deposit Insurance Corp. is selling a “spectacular” corporate jet that can accommodate 13 passengers, complete with leather seatin
( 23
min )
A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and … Continue reading → The post Ask an Advisor: I've Heard About the Benefits of a Bond Ladder Strategy. What Are the Downsides? appeared first on SmartAsset Blog.
( 32
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I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.
( 34
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Twilio upgraded, Sealed Air downgraded: Wall Street's top analyst calls
( 34
min )
The Detroit Big Three car companies are in talks with the UAW over a contract deal that would replace one that expires in September.
( 27
min )
Wedbush analyst Daniel Ives, a longtime tech bull, sticks with his call for a 12% to 15% gain in the Nasdaq, despite a recent dip in performance.
( 26
min )
American investors shouldn't be surprised by Anheuser-Busch InBev's strong second quarter. They need to look beyond the U.S. boycott of Bud Light.
( 26
min )
Citi analysts downgrade the company's shares to Neutral from Buy, citing many challenges for the primary-care provider.
( 26
min )
Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.
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A #KansasCity executive with a familiar name will lead #AMCTheatres marketing efforts.
( 10
min )
Retirees open up about their financial lives and how they spend their time and money.
( 23
min )
The California Public Utilities Commission voted to allow GM's Cruise and Google's Waymo to offer paid rides in driverless vehicles across the city at all hours of the day with an unlimited number of vehicles.
( 26
min )
The Swiss bank says it no longer needs a $10 billion backstop or liquidity lines.
( 27
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(Bloomberg) -- Investors piled into cash and bonds while pulling money out of the US stock market in recent days, according to Bank of America Corp. strategists.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingBiden Fears China Is ‘Ticking Time Bomb' Posing Danger to WorldEcuador Presidential Candidate Assassinated, Suspect Shot DeadCash funds
( 31
min )
(Bloomberg) -- Declines for Chinese technology companies weighed on Asian equities while US futures edged higher and the dollar clung to a Thursday rally.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadDave Portnoy Paid Just $1 to Buy Barstool Sports BackMainland China and Hong Kon
( 33
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"When [Fed] reserves have been declining by more than $38 billion over the past four weeks, stocks have struggled," Ned Davis Research said.
( 31
min )
Who doesn’t love a bargain? Buying quality for a low price is one of the thrills of the market system – and that applies to stock markets as well. The trick is knowing which rock-bottom stocks are the right ones to buy. Plenty of stocks are priced low, and bargain-hunting investors need to find the ones whose fundamentals are sound. The sheer volume of stocks, and the reams of data they produce, makes that difficult – but Wall Street analysts make their living by taking deep dives behind the sce
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Russia's currency has plunged to its lowest level against the dollar since the Ukraine invasion, blowing past the Kremlin's "comfort zone."
( 31
min )
Het aantal schuldzaken tegen discounter Big Bazar neemt toe. Directeur Joost Konings van Invorderingsbedrijf Amsterdam meldt dat er inmiddels tien lopende dossiers in behandeling zijn. De totale vorderingen tegen Big Bazar gaan richting de 430.000 euro.
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min )
Drankenproducent Bacardi staat op een Oekraïense lijst van zogenoemde oorlogssponsors, waarmee Oekraïners aandacht vragen voor bedrijven die zakendoen in Rusland. Het agentschap achter de lijst stelt dat Bacardi misbruik maakt van het vertrek van concurrenten.
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min )
Rusland heeft afgelopen maand meer verdiend met de export van olie doordat Moskou de prijzen heeft verhoogd.
( 3
min )
De economie van het Verenigd Koninkrijk is het afgelopen kwartaal onverwachts 0,2 procent gegroeid. Het is de grootste groei in meer dan een jaar.
( 3
min )
De economie van het Verenigd Koninkrijk groeide onverwachts 0,2 procent in het afgelopen kwartaal, laat het nationale Britse statistiekbureau weten. Dat is de grootste groei in meer dan een jaar.
( 3
min )
Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.
( 3
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Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.
( 4
min )
De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.
( 4
min )
Eigenaar Elon Musk wil van Twitter (inmiddels bekend als X) een allesapp gaan maken. Daarom kunnen gebruikers binnenkort videobellen en geld naar elkaar overmaken.
( 4
min )
Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging in de drie maanden daarvoor alleen maar was gestegen.
( 3
min )
De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.
( 3
min )
Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging de afgelopen drie maanden alleen maar steeg. Dat meldt statistiekbureau CBS.
( 3
min )
Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
min )
Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
min )
Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
min )
Real estate agents are a resource when searching for a rental property and may provide negotiating power when signing a lease.
( 21
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Six tips can help you find the apartment that meets your needs at the best price.
( 20
min )
Parent PLUS loans allow parents to borrow money to help pay for their children’s education. Here’s everything you need to know to apply.
( 20
min )
The Supreme Court will decide whether the Sackler family, and the pharmaceutical company they own, Purdue Pharma, will be allowed to pay $6 billion to avoid future liability for their role in causing the opioid crisis.
( 16
min )
When replacing a life insurance policy, a lot can go wrong for the consumer. Find out how life insurance replacements are regulated by the states.
( 21
min )
The S&P 500 was little changed with a small gain of 0.03% on Thursday, Aug. 10, 2023 after a report on consumer prices showed inflation rose less than expected last month.
( 17
min )
Increasing costs, faltering subscriber growth, inflation, and reduced revenue per membership figures all contribute to subscription price hikes.
( 21
min )
A consequential loss is an insurance term for an income hit caused by a business's inability to use damaged property or equipment as usual.
( 21
min )
Global rice prices hit a 12-year high in July, the United Nations' Food and Agriculture Organization (FAO) said in a report, which could exacerbate global food insecurity.
( 18
min )
Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 19
min )
General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.
( 16
min )
Shares of Ralph Lauren lost ground after the fashion clothing company warned American consumers are cutting back on discretionary spending.
( 17
min )
A debt security is a debt instrument that has its basic terms, such as its notional amount, interest rate, and maturity date, set out in its contract.
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min )
Maryland, New Jersey, Delaware led the nation in foreclosure filings in July.
( 18
min )
The Fed views the Producer Price Index as a forerunner of consumer inflation. Rising prices at the production level are typically passed on to consumers at the retail level on a time lag.
( 18
min )
Return on policyholder surplus is the ratio of an insurance company’s net income to its policyholder surplus.
( 19
min )
Developed to net premiums earned is the ratio of developed premiums to net premiums earned over a given time period.
( 19
min )
Amid surging prices and higher loan rates, paying for a new car costs more than ever—and owning a home and a new car now eats almost half of the typical American's budget.
( 20
min )
As you age, saving and investing become higher priorities. Read about finding the best financial professional for your current stage in life.
( 25
min )
The Samuel Curtis Johnson Graduate School of Management is a graduate business school based at Cornell University in Ithaca, New York.
( 20
min )
Bond rating agencies are companies that assess the creditworthiness of both debt securities and their issuers. Discover more about them here.
( 25
min )
Shares of AppLovin (APP) jumped as the artificial intelligence (AI)-based mobile marketing platform reported better-than-expected results amid soaring demand for all things AI.
( 16
min )
U.S. equities gained at midday on Thursday, Aug. 10, 2023 after the Labor Department reported consumer prices increased less than expected in July.
( 16
min )
Novo Nordisk raised its outlook as revenue from its popular weight-loss treatment, Wegovy, skyrocketed.
( 17
min )
Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.
( 21
min )
Barclays offers a competitive APY on its single savings account, which is light on restrictions and fees. Learn more about Barclays Online Savings Account to see if it’s right for you.
( 20
min )
Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.
( 19
min )
Bernie Sanders did not become the Democratic presidential nominee for 2020, but his economic plan still raises many important points and addresses ongoing issues.
( 32
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Ad-free Disney+ subscription price to increase roughly 27% to $14 a month, following the company's loss of millions of streaming subscribers.
( 17
min )
Capri's shares rose in premarket trading on Thursday as fashion conglomerate Tapestry announced a $8.5 billion acquisition deal that will bring six luxury brands under one company.
( 17
min )
Rates on 30-year mortgages climbed slightly, ending a three-day slide that had lowered the average almost a quarter percentage point. All other averages were up or held steady.
( 20
min )
Inflation is continuing to cool down, though you might not think it from the 12-month inflation rate.
( 18
min )
Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.
( 21
min )
Contempt of court is an act of disrespect or disobedience toward a court or interference with its orderly process.
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Money market accounts have some similarities and differences when compared with money market funds. Learn more about how the two accounts compare.
( 25
min )
When deciding whether to get a degree abroad, research and talk to alumni who have completed the same program.
( 21
min )
Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.
( 26
min )
Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.
( 17
min )
This $900 billion COVID-19 stimulus bill included $600 direct individual payments, $300/week unemployment benefits, and more. See how it compares to other legislation.
( 28
min )
Walt Disney and Co. lost about 12 million Disney+ streaming subscribers, took a big hit due to restructuring costs, and missed revenue projections, but its third-quarter earnings per share beat analysts' expectations.
( 19
min )
With home prices and borrowing costs increasingly out of reach, the ranks of renters continues to grow in NYC, the country's biggest rental city.
( 18
min )
Discover the consumer discretionary sector, industries within this sector and companies producing goods that fall under the consumer discretionary definition.
( 21
min )
Improve your financial advisory business by building a client base of people who share similar priorities, values, and long-term goals.
( 22
min )
The term “unauthorized insurer” refers to a fraudulent business that is posing as a legitimate insurance company.
( 18
min )
The law of supply in economics states that as the price of a good or service increases, the quantity of goods or services increases and vice versa. Learn more.
( 26
min )
The Carmack Amendment amends the Interstate Commerce Act of 1877 and limits the liabilities of carriers to loss or damage of the property itself.
( 19
min )
Business school can have a lasting impact on your career, but is an MBA right for you? Learn what to consider before deciding to go back to school.
( 23
min )
Kenneth I. Chenault is a former chair and CEO of American Express
( 21
min )
Understanding the differences between insurance, excess insurance, and reinsurance might help you avoid being overinsured or underinsured.
( 21
min )
An affidavit of title is a document provided by the seller of real estate showing the status of the property, including ownership and legal issues.
( 23
min )
"There's no rule that everybody has to win," the CEO of Ouster said as the company reported its second-quarter results.
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New- and used-car prices fell in July, easing some pain for U.S. consumers. Yet prices for insurance, repair, and other services continued to march higher.
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Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 20
min )
StoneX's Vincent Deluard sees investors swapping stocks for bonds, reluctant sellers eventually listing their homes, and the economic rebound fading.
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General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.
( 16
min )
GE pulled back to a historically bullish trendline on the charts
( 31
min )
China's property sector is teetering on another Evergrande moment, as a developer with almost $200 billion of debt is in deep trouble.
( 34
min )
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics. The post Forward Air merges with Omni Logistics, will target expedited LTL appeared first on FreightWaves.
( 33
min )
Linda Yaccarino, CEO of the former Twitter, says she has the authority to run Elon Musk's social-media company. Investors see Musk spending more time and attention to Tesla.
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Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.
( 17
min )
PayPal's stablecoin stands out because it's not just "more crypto for crypto," one expert wrote in CoinDesk.
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min )
Penn downgraded, Roblox upgraded: Wall Street's top analyst calls
( 33
min )
The auto industry is changing in a multitude of ways. Electric powertrains are challenging the traditional combustion engine, and other technologies, such as mobile wireless connectivity and artificial intelligence, are bringing a sea change to the way we drive. New opportunities are opening for investors in these emerging technologies. These aren’t going to be risk-free choices – remember how many car companies popped up in the 1920s and ‘30s before Detroit stabilized with the Big Three – so th
( 34
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If you're planning on making tax-deferred retirement accounts the last pot of money you tap after retirement, you've got a lot of company. And why not? The idea that your 401(k) or traditional IRA can keep growing and churning out … Continue reading → The post Want to Minimize Retirement Taxes? Don't Follow This Popular Strategy appeared first on SmartAsset Blog.
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Wealth managers help set and reach goals for financial needs. Here's a breakdown of wealth management services and examples of when you will need them.
( 32
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Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success. Despite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed business bets in recent years. In a recent appearance on CNBC’s "Squawk Box", Reynolds discussed his latest investment venture: Canadian financial technology (fintech) company Nuvei. See more on startup investin
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If you're approaching retirement age, you have a lot to think about. Focusing on limiting your tax liability can be especially valuable. After all, the more taxes you pay in retirement, the less money you'll have to live off. If … Continue reading → The post 5 Ways to Reduce Tax Liability in Retirement appeared first on SmartAsset Blog.
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Wilko, the high street discount chain, has plunged into administration, putting 12,000 jobs at risk after it failed to secure a rescue deal.
( 44
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If the SEC needs more time to assess the practicality of the surveillance-sharing agreements, then the bitcoin price may correct initially in mid-September, and would be the “dip to buy,” the report said.
( 31
min )
(Bloomberg) -- Global oil markets are on track for a sharp supply deficit of more than 2 million barrels a day this quarter as Saudi Arabia slashes production, OPEC data indicate.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon
( 32
min )
Hoffman was named CEO at the end of 2021.
( 31
min )
The hydrogen technology company posted a second-quarter loss of 40 cents a share. Wall Street was looking for a 27-cent loss. But its likely another factor that's driving the shares lower.
( 26
min )
Banking sector CEOs have been among the pushiest when it comes to ending hybrid work. But new data shows two-thirds of their top level execs would likely resign if they were forced to return to the office.
( 31
min )
Virgin Galactic stock is rising ahead of the company's second commercial flight, slated for August 10. The Livestream of the event starts at 11 a.m. Eastern time.
( 26
min )
The Chinese EV market is maturing. As it does, investors will be looking for earnings when they evaluate shares.
( 26
min )
Applovin guides for third-quarter sales of $780 million to $800 million, higher than analysts' expectations.
( 26
min )
(Bloomberg) -- Alibaba Group Holding Ltd.’s revenue beat expectations after its core e-commerce arm returned to growth, a big step for a national icon trying to revive its business in a volatile economy.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woma
( 32
min )
CEO Bob Iger said on the company's earnings call that it is considering strategic options for its linear TV channels.
( 26
min )
(Bloomberg) -- Novo Nordisk A/S said the supply of its blockbuster obesity medicine Wegovy will continue to be restricted in the US as the drugmaker struggles to expand production. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tyco
( 32
min )
Walt Disney trades higher after the entertainment giant says it will be raising prices for its streaming services, a report says Tapestry is in talks to acquire Capri, the parent company of Michael Kors, Jimmy Choo and Versace, and Applovin stock surges after the software company swings to a second-quarter profit.
( 27
min )
(Bloomberg) -- It could take just a 1% move in the S&P 500 — up or down — every day for a week for the rally in US stocks to come under significant pressure.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon Loses More Wealth Tha
( 32
min )
(Bloomberg) -- Equity markets in Asia fluctuated Thursday following a tech-led sell-off on Wall Street as investors await US monthly inflation data that will help shape the outlook for the Federal Reserve’s next steps.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at UPS After Teamsters DealTycoon Wh
( 33
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Danish drugmaker Novo Nordisk on Thursday raised its full-year profit and sales forecast for a second time, but said it would continue to restrict U.S. supplies of starter doses of its hugely popular Wegovy weight-loss drug. Novo Nordisk, Europe's second most-valuable listed company after LVMH, is riding on a wave of sky-high demand for its highly effective diabetes and weight-loss drugs Ozempic and Wegovy, which has sent its earnings and shares to record highs this year.
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The Reserve Bank of India (RBI) on Thursday asked banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term. Banks shall maintain an incremental CRR of 10% on increase in deposits between May 19 and July 28, with effect from the fortnight starting Aug. 12, RBI Governor Shaktikanta Das said in his monetary policy announcement. Das however added that the measure was temporary to absorb liquidity generated by a return of high denomination notes, a move that was announced by the RBI in mid-May.
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It still makes sense for long-term investors to own REITs with solid balance sheets in good real estate sectors, such as Kimco Realty, BXP, and VICI Properties.
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Holders of odd lots under 100 shares should come out ahead after J&J splits off its Kenvue unit.
( 26
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(Bloomberg) -- A monthly report on US consumer prices due Thursday is set to show a second straight reading for so-called core inflation that is consistent with the Federal Reserve’s 2% target on an annualized basis, according to Bloomberg Economics.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at U
( 30
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The deal would be one of the biggest fashion tie-ups in recent years.
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(Bloomberg) -- Alibaba Group Holding Ltd.’s options are flashing positive signs ahead of the Chinese tech company’s June quarter results.Most Read from BloombergFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Villavicencio AssassinatedStock Traders Shun Risk in Run-Up to Key CPI Test: Markets WrapAs of Tuesday’s close, a bullish
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The strong year-to-date gains in the stock market are impossible to deny, but August’s losses serve as a reminder that investors need to have a cautionary plan for tougher times. Furthermore, according to strategists from JPMorgan and Wells Fargo, these challenging times may be closer than we think. The gains have largely been powered by the AI boom in tech – and that has led to an unstable situation, with rising stock indexes resting on a narrow base. According to JPMorgan’s Chief Global Market
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Bankrupt trucking giant Yellow said it has enough real estate and equipment it can sell to cover $1.2 billion it borrowed from the U.S. government and private lenders led by Apollo Global Management.
( 28
min )
Een storing bij Rabobank zorgde er dinsdag voor dat klanten urenlang hun geldzaken niet konden regelen. De problemen deden zich voor op de website en in de app van Rabobank, maar zijn inmiddels opgelost.
( 3
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Modebedrijf Tapestry neemt Capri Holdings over. Het concern betaalt 8,5 miljard dollar voor het moederbedrijf van Michael Kors, Jimmy Choo en Versace.
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Chinese reisbureaus mogen voor het eerst sinds de coronapandemie weer reizen naar Nederland en bijna zeventig andere landen aanbieden. Internationale groepsreizen waren al enige tijd toegestaan, maar alleen naar een beperkt aantal landen.
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Als je niet werkt omdat je kanker hebt, krijg je geen kinderopvangtoeslag van de Belastingdienst. Net als bij thuiszorg kan de gemeente dan hulp bieden. Maar die lokale aanpak zorgen voor onbegrijpelijke verschillen, zeggen gedupeerden tegen NU.nl.
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Een storing bij Rabobank zorgt ervoor dat klanten op dit moment hun geldzaken niet kunnen regelen. De problemen doen zich voor op de website en in de app van Rabobank.
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De NS heeft ook in het eerste half jaar van 2023 verlies geleden. Het bedrijf heeft niet genoeg treinkaartjes verkocht om alle kosten te dekken. "We hebben nog altijd fors minder reizigers dan voor corona", zegt NS-topman Wouter Koolmees.
( 3
min )
Twitter (inmiddels bekend als X) moet een dwangsom van 350.000 dollar (ruim 317.000 euro) betalen. Het bedrijf van Elon Musk werkte niet op tijd mee aan een onderzoek naar de Amerikaanse oud-president Donald Trump.
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De waarde van de roebel heeft deze week het laagste niveau bereikt in zestien maanden. Voor 1 euro betalen Russen nu 106 roebel. De lange daling lijkt even voorbij nu de Russische centrale bank ingrijpt.
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De omwonenden van Tata Steel die naar de rechter stapten voor strengere eisen aan het staalbedrijf gaan in hoger beroep.
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Het Radboudumc in Nijmegen is erin geslaagd zeldzame syndromen te herkennen met een gezichtsscan. De techniek moet artsen wereldwijd gaan helpen zeldzame afwijkingen te herkennen en de juiste diagnose te stellen.
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Disney+-abonnees kunnen binnenkort mogelijk niet meer hun wachtwoord met bekenden delen. In navolging van Netflix wil ook Disney beginnen met handhaven.
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min )
Maaltijdboxbezorger HelloFresh ziet het aantal bestellingen teruglopen door bespaarzucht van consumenten. In het tweede kwartaal van dit jaar nam het aantal actieve klanten wereldwijd met bijna 9 procent af. Volgens HelloFresh komt dat door de hoge inflatie.
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Rabobank heeft in de eerste helft van 2023 zijn nettowinst bijna verdubbeld. De bank maakte 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar. Dat kwam vooral door een grote stijging van de rente-inkomsten.
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Rabobank heeft in de eerste helft van 2023 z'n nettowinst bijna verdubbeld. Vooral door een grote stijging van de rente-inkomsten maakte Rabobank 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar.
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Industriële bedrijven in Nederland hebben in juni 7,7 procent minder geproduceerd dan in dezelfde maand een jaar eerder. Door de afkoeling van de wereldeconomie zakt de productie terug, net als bij onze oosterburen.
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Omwonenden van Tata Steel vinden dat Noord-Holland de eisen voor de uitstoot van zwaveldioxide door de staalfabriek niet had mogen bijstellen. Zij zijn het niet eens met de rechter, die oordeelde dat de provincie geen regels overtrad, en gaan in hoger beroep.
( 3
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Pro-Russische hackersgroepen hebben deze week meerdere Nederlandse websites platgelegd. Dat is een vergeldingsactie voor de steun van ons land aan Oekraïne. Maar we zijn nog niet in een cyberoorlog beland, stelt een expert gerust.
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min )
A student loan deferral can give you relief from your debts, but there can be long-term consequences to your credit score. Learn how deferrals affect your credit score.
( 23
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Graduate business school costs time and money, and there are career-enhancing alternatives.
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The financial crisis of 2008 and the great recession that followed is still fresh in the memories of many investors.
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Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 20
min )
The Supreme Court dealt a setback to video game publisher Epic in its battle against Apple over how the iPhone giant treats developers that sell programs on the App store.
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min )
Best Buy credit card offers promotional financing and cash-back rewards to incentivize higher spending.
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UCLA Anderson School of Management is the University of California's graduate business school and one of the highest-ranked MBA programs in the United States.
( 20
min )
DARPA will award up to $20 million in prize money to companies that use AI to develop stronger cybersecurity tools, with Google, Microsoft and OpenAI collaborating.
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min )
You can put your down payment savings to work earning as much as 5.75% APY until it's time to buy. Here are three risk-free ways to do so.
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Bracketed sell order is a short sell order that is accompanied by a conditional buy order above and a buy limit order below the initial sell order.
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The S&P 500 dipped 0.7% on Wednesday, Aug. 9, 2023 as tech stocks fell ahead of Thursday's key consumer inflation report.
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A lawsuit by conservative advocacy groups could defeat President Joe Biden’s latest plan to forgive student loan debt even if it doesn’t ultimately win in court.
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Going to graduate school right after college keeps your education momentum going, but sometimes it pays to wait. Here's how to decide.
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min )
ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.
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min )
ADRs of Honda advanced as the carmaker reported a big increase in U.S. sales and announced a stock split.
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min )
ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.
( 17
min )
Google AI-powered flight routes reduced global warming inducing contrails—white lines in the sky left behind by planes-without materially increasing fuel consumption.
( 17
min )
Robo-advisors are less expensive but a financial advisor will provide more personalized service.
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A default happens when a borrower fails to make required payments on a debt, whether of interest or principal. Find out what the consequences of default are.
( 28
min )
Jobs growth is a measure of how many nonfarm jobs the U.S. economy added in the prior month as estimated by the U.S. Bureau of Labor Statistics (BLS).
( 21
min )
The Sustainability Accounting Standards Board (SASB) developed standards for companies to report sustainability issues that could affect their value.
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min )
A decline in the dollar’s share of allocated foreign exchange reserves has fueled talk of de-dollarization, which involves reducing reliance on the U.S. dollar as a reserve currency.
( 22
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Electric vehicle (EV) maker Rivian Automotive keeps losing money on every vehicle it makes, but losses have narrowed and the company expects profitability by the end of 2024.
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min )
Data analytics is the science of analyzing raw data in order to make conclusions about that information. It helps businesses perform more efficiently and maximize profit.
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The Bureau of Labor Statistics' employment report is a widely watched indicator of economic well-being that directly influences the market.
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min )
The National Association of College and University Business Officers (NACUBO) is a membership organization focused on the educational sector.
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min )
The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
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Mortgage applications declined 3.1% from the previous week as the average interest rate for FHA-backed mortgages increased to 7.02%—the highest in almost 21 years—according to data from the Mortgage Bankers Association.
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min )
Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.
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min )
In most cases, your car insurance company does not report accidents to the DMV, but states require police to under certain circumstances.
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U.S. equities declined at midday on Wednesday, Aug. 9, 2023, on the latest batch of earnings reports and as the market awaits key inflation data.
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
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min )
Shares of Decibel Therapeutics skyrocketed after Regeneron Pharmaceuticals agreed to buy the biotech firm for up to $213 million to expand its gene therapy pipeline.
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Obtaining a company's prospectus—or other financial documents—is now a simple online task.
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Credit Unions often offer lower interest rates on the loans they offer. Learn how to get a credit union personal loan and reap the benefits of being a member.
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min )
GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.
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Marginal benefit is an incremental change in a consumer's benefit, while marginal cost is an incremental change in a company's production expense.
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Amazon is reportedly in talks to become an anchor investor in the IPO of Arm Ltd., a British semiconductor and software design company. The IPO, expected to be one of the largest this year, could help Amazon boost its cloud business.
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min )
The U.S. runs both fiscal and current account deficits, which together are referred to as twin deficits.
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The labor force participation rate is a measurement of an economy’s active workforce.
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Tenancy at sufferance is a legal circumstance when a property renter continues to live on a property after a lease term has expired.
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min )
Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.
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min )
Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.
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min )
The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.
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Mass production allows consumer goods to be made for the broadest possible market, lowering costs overall.
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What is the difference between representative samples and random samples, and how are they are used to reduce sampling bias?
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min )
Unemployment is the term for when a person who is actively seeking a job is unable to find work.
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Only 18% of Americans believe now is a good time to buy a home, even as consumers report improved job security and financial health, according to a new survey from Fannie Mae.
( 18
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June inflation was the lowest annual rate in more than two years. But how long will it take to get under the Federal Reserve's target rate of 2%?
( 18
min )
The University of Chicago’s Booth School of Business is the graduate business school of the University of Chicago.
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The graduate record examination (GRE) is a standardized test that measures one's aptitude for abstract thinking.
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Grad schools typically take a holistic approach when evaluating applicants. Emphasize your strengths while addressing your weaknesses.
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Group term life insurance is life insurance offered as an employee benefit. Often a base amount is covered at no charge, with the option to add more.
( 25
min )
What battery metals are to gigafactories, helium is to everything from scientific research, medical technology and high-tech manufacturing to space exploration and national defense
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Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan. The post Proterra won’t fight Nasdaq delisting following bankruptcy filing appeared first on FreightWaves.
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"Equities seem oversold as well. So, we think the probability for stocks to rally strongly after CPI is very high," Fundstrat's Tom Lee said.
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The Johnson & Johnson spinoff is the consumer health company that makes Listerine and Tylenol.
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The entertainment giant’s is raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each.
( 26
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Shares of the AI chip maker slumped despite a lack of news. Is more downside ahead?
( 26
min )
The U.S. Securities and Exchange Commission (SEC) said it would file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing Wednesday.
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(Bloomberg) -- Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in US Covid-relief government aid. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, Chin
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Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter. The Biden administration last October issued a sweeping set of rules designed to freeze China's semiconductor industry in place while the U.S. pours billions of dollars in subsidies into its chip industry. Nvidia offers the A800 processor in China to meet export control rules after U.S. officials asked the company to stop exporting its two top computing chips to the country for AI-related work.
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"Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday.
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John Schnatter, founder and former CEO of Papa John’s International Inc., this week reacted to the news of his case going to trial.
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min )
(Bloomberg) -- Upstart Holdings Inc.’s breakneck rally is losing momentum after the lending platform that uses artificial intelligence provided a disappointing outlook.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealFirst American City to Tame Inflation Owes Its Success to Affordable HousingTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureNasdaq 100 Drops 1% in Run-Up to Key CPI Report: Markets Wr
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Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.
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August hasn't been kind to the high-flying tech company.
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Wall Street expects the e-commerce giant to post decent earnings and revenue growth. Gloomy signs on China's economy cloud the outlook.
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Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10 until the end of the year to try and prevent the rouble from plumbing new depths. The rouble pared losses on the news. Earlier on Wednesday it sank to its lowest for more than 16 months, past 98 to the dollar, hampered by strong demand for foreign currency and a lack of supply, with a shrinking trade surplus and widening budget deficit also hurting sentiment.
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The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a downgrading of U.S. government debt. The average 30-year mortgage rate shot up to 7.09% for the week ending Aug. 4, a 16 basis point increase from the previous week's 6.93% rate, according to a weekly report released by the Mortgage Bankers Association. Potential borrowers adjusted promptly to the surging cost of borrowing: the mortgage applications index - a measure of total mortgage application volume - fell 3.1% to a six-month low of 194.5.
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Shares of the tech giant have slumped since it reported earnings last week.
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Speaking at a J.P. Morgan investor conference, GM Chief Financial Officer Paul Jacobson said the automaker's electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans, had been affected by an issue with assembling battery modules - a stumbling block first noted last week by Chief Executive Mary Barra. Jacobson said GM had built more than 1,000 Lyriqs in July -- still well below the company's initial expectations. GM in early 2022 said it expected to build 25,000 Lyriqs at the company's Spring Hill, Tennessee, plant last year, but fell far short of that target.
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Fitch Ratings recently downgraded the United States' long-term foreign-currency issuer default rating from its highest AAA rating to AA+, and stocks fell on the news. But CNBC's Jim Cramer appears unfazed by the decision. "I'm not concerned about the Fitch downgrade," the "Mad Money" host said. "I am concerned that too many people remain too sanguine at the moment because that's not what we want to see. When you get too many bulls, it tends to eventually cause a nasty sell-off — so maybe some fe
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The S&P 500 has notched some very respectable returns this year, but there’s reason to believe it is only the beginning of a sustained multiyear rally. At least, that is the opinion of ‘Shark Tank’ star Kevin O’Leary, who believes that while various sectors of the US economy will be dealing with a series of difficulties, the S&P 500 is poised to ride the momentum of increased government expenditure in the upcoming years. O’Leary anticipates that the CHIPS and Science Act along with the Inflation
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The British pound continues to show strength in the form of support.
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Shares in sports gambling names have fallen in the wake of Penn's $2 billion deal for ESPN rights.
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The online platform for medical professionals said pharmaceutical companies are slowing down in shifting to handling information digitally.
( 26
min )
(Bloomberg) -- Roblox Corp. plunged by the most in nine months after reporting that people were spending less time playing its games in the second quarter and missing Wall Street’s estimates.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionRoblox
( 31
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The company, which charters planes by the hour, has made a slew of restructuring measures this year, including job cuts and management changes. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note as Wheels Up pursues strategic partnerships.
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The company posts a second-quarter net loss of 46 cents a share. A year ago, it posted a loss of 30 cents.
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Bank of America said more people had been taking hardship distributions from their retirement plans in recent months in a sign consumers may be running out of savings to propel economic growth.
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Arm plans to raise around $10 billion in its IPO.
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TUI is acutely aware that its holiday package tours could be prone to seasonality shifts, as the group has just had to deal with the impact of severe weather warnings and wildfires. Despite all this and rising prices, travel demand from its main markets remains strong.
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(Bloomberg) -- Carvana Co. raised its profit outlook as the used-car retailer said the momentum it saw from an early-year turnaround is carrying into the third quarter.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionAdjusted earnings before inter
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Wall Street has many worries, including softer demand for Disney+ and weak performance at the box office.
( 26
min )
The software company lifted its adjusted operating income guidance for the year.
( 26
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Tuesday evening, electric-vehicle start-up Rivian reported strong second-quarter numbers, and increased production guidance. Analysts and investors are happy.
( 26
min )
Lidar maker Luminar Technologies reports second-quarter results in line with Wall Street expectations and maintains full-year financial guidance.
( 26
min )
Shares of Upstart fall sharply after the artificial-intelligence lending company issues a third-quarter earnings and revenue forecast that was below expectations, while Penn Entertainment surges after striking a deal with ESPN.
( 27
min )
(Bloomberg) -- Oil was steady — after closing at the highest since mid-April on concerns about a possible escalation of the conflict between Ukraine and Russia — ahead of data that may show swelling US crude stockpiles. Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $
( 31
min )
(Bloomberg) -- China’s former biggest builder Country Garden Holdings Co. has joined the ranks of once-strong developers that are deferring millions of dollars in payments, underscoring the sector’s entrenched debt woes.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $
( 32
min )
Wall Street has many worries, including softer demand for Disney+ and weak performance by the company's movies at the box office.
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min )
A capitulation among market naysayers comes just as market risks are rising. Consider protecting some of your 2023 gains with this hedging strategy.
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China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lacklustre demand weighed on the economy. The only bright spot was that the core CPI rebounded to 0.8% due to seasonal tourism during the summer, but I am afraid that it may lack sustainability. Given the base remained high last year, CPI will hardly rebound significantly in the second half of the year.
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A Boeing official told the county council that sites other than St. Louis have been considered for the aerospace manufacturer's proposed $1.8 billion expansion project, which would include construction of multiple buildings totaling one million square feet.
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min )
At the end of June, the Biden Administration unveiled an ambitious goal to ensure reliable broadband internet access for the entire US, even the most remote rural areas. The project will involve a federal outlay of $42 billion, allocated to the states over the next two years. The President touts the initiative as a move to close the ‘digital gap’ that separates the haves and have-nots in the world of high-speed connectivity. “It’s the biggest investment in high-speed internet ever, because for t
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(Bloomberg) -- He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a $5,000 car.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Excee
( 35
min )
Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
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min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Lang niet alles waar statiegeld op zit wordt ingeleverd, bleek maandag. Lever jij je blikjes in, of gooi je ze nog steeds in de prullenbak? Is 15 cent statiegeld de moeite waard? Breng je stem uit en discussieer mee.
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min )
ABN AMRO en ING zagen hun winst afgelopen kwartaal verdubbelen. Belangrijkste oorzaak is de serie renteverhogingen van de Europese Centrale Bank. In Italië en andere landen wordt gewerkt aan een extra bankenbelasting voor overwinsten. Of dat ook in Nederland een goede zet is, vragen experts zich af.
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min )
De marktprijs voor gas is woensdagmiddag omhooggeschoten. Op de Amsterdamse gasbeurs steeg de prijs met meer dan een derde tot ruim 43 euro per megawattuur. Dat is het hoogste niveau sinds mei. De oorzaak is een dreigende staking in Australië.
( 3
min )
Eerst viel er zes weken geen spat regen, daarna kreeg Nederland juist zes weken wisselvallig weer. Sinds 22 juli halveerde het neerslagtekort zelfs bijna. Hoe uitzonderlijk is de snelheid van het ontstaan en verdwijnen van de droogte van 2023?
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min )
De verhuurder van een winkelpand waarin een Big Bazar-filiaal is gevestigd, heeft het faillissement van de koopjeswinkel aangevraagd bij de rechtbank Amsterdam.
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min )
Italië heeft binnen een dag de plannen voor een extra belasting op overwinsten van banken al afgezwakt. Beleggers raakten na de aankondiging van de maatregel in paniek en verkochten aandelen in Italiaanse banken. Om ze te kalmeren, begrenst de regering de extra belasting.
( 3
min )
De koers van het aandeel Novo Nordisk is deze week omhooggeschoten. Dat gebeurde nadat uit onderzoek was gebleken dat een diabetesmedicijn van het Deense farmaceutische bedrijf, dat ook effectief is als afslankmiddel, ook goed werkt tegen hart- en vaatziekten.
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Hoewel energie nu veel goedkoper is dan vorig najaar, kunnen prijzen bij een koude winter weer snel oplopen. Daarvoor waarschuwt E.ON, het Duitse moederbedrijf van Essent en Energiedirect. "De energiecrisis is nog niet helemaal voorbij", zegt bestuurder Leonhard Birnbaum.
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Klanten en winkelmedewerkers moeten nog wennen aan het inleveren van blikjes voor statiegeld. "Iedereen is erbij gebaat dat het goed verloopt", zegt topman Frans Muller van supermarktconcern Ahold Delhaize.
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De koers van het aandeel Novo Nordisk is deze week omhooggeschoten. Dat gebeurde nadat uit onderzoek was gebleken dat een diabetesmedicijn van het Deense farmaceutische bedrijf, dat ook effectief is als afslankmiddel, ook goed werkt tegen hart- en vaatziekten.
( 3
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Klanten en winkelmedewerkers moeten nog wennen aan het inleveren van blikjes voor statiegeld. "Iedereen is erbij gebaat dat het goed verloopt", zegt topman Frans Muller van supermarktconcern Ahold Delhaize.
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Ahold Delhaize heeft de winst in het afgelopen kwartaal zien dalen. Het supermarktconcern had last van onder meer hogere energiekosten en stakingen in België.
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Bud Light may never recover from the ongoing controversy surrounding the brand, according to an anonymous beer distributor who spoke to the New York Post on July 31. Many more Anheuser-Busch InBev distributors have resigned themselves to their painful Bud Light losses and have given up on luring customers back following the controversial ad campaign. During the past few months, the company experienced hiring freezes and mass layoffs. Beer truck drivers face heckling and harassment. The revelatio
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Today's top three nationwide CD rates are 5.75% from Andrews Federal Credit Union, 5.75% from INOVA Federal Credit Union, and 5.65% from Dow Credit Union.
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Boston Beer Company's cofounder spent about $140 on two shares of Procter & Gamble more than six decades ago. They're worth $20,000 today.
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The EV maker reported a per-share loss of $1.08 while Wall Street had expected a loss of $1.43.
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Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.
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Dutch Bros Inc. (NYSE: BROS) posts 103% rise in second-quarter Ebitda Revenue rose 34% in second quarter to $250 million on new locations, same shop sales Raises full-year Ebitda guidance to $135 million and $140 million President Christine Barone will become CEO and President in January 2024 Current CEO Joth Ricci to leave after five […]
( 32
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(Bloomberg) -- Coupang Inc., the online retailer popular in South Korea for dawn and one-day delivery, posted its fourth straight quarterly profit after investments in logistics and membership programs helped shore up margins.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionMusk Says He May Need Surgery, Will Get MRI on Back and NeckThe Global South Breaks Away From the US-Led World OrderBillionaire Desmarai
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Ratings agency says its also watching some of nation's biggest lenders for possible cuts amid ongoing financial strain.
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Oxy exceeded production guidance for the second quarter in the Permian Basin and the Rockies. Here's what else is happening for the upstream energy company.
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Chipmaker Nvidia has announced the release of its next-generation chip to capitalize on the demand for AI models and lower costs for developers.
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(Bloomberg) -- Oil reversed losses after Ukrainian President Volodymyr Zelenskiy said his country would retaliate if Russia continues to block Ukrainian ports.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksMusk Says He May Need Surgery, Will Get MRI on Back and NeckWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChina’s Trade Plunges More Than Forecast in Blow to RecoveryZelenskiy’s warning tr
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Nothing hurts like an empty nest egg.
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More Americans plan to claim Social Security benefits for retirement earlier than later, even if it means leaving money behind. Here's why.
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(Bloomberg) -- Tilray Brands Inc. shares jumped the most since February 2021 after the cannabis and consumer packaged goods company agreed to buy eight beer and beverage brands from the owner of Budweiser.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChina’s Trade Plunges More Than Fore
( 32
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(Bloomberg) -- US oil production this year will rise faster than previously expected, providing additional crude supplies to a market that has tightened because of Saudi Arabian output cuts, according to a new government forecast.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksThe Global South Breaks Away From the US-Led World OrderWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionChina’s Tra
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Yellow Corp. now faces a lawsuit from Teamsters members claiming its recent layoffs violated a federal act that required it to inform employees in advance. The company avers that it qualified for an exception.
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Bud Light received mixed reactions after partnering with transgender social media influencer Dylan Mulvaney in April. But renowned podcaster and comedian Joe Rogan still enjoys the brew. In a recent episode of "The Joe Rogan Experience" podcast, he cracked open a can of Bud Light with country music star Zach Bryan. "And we're drinking Bud Lights, ladies and gentlemen. Sorry. There's nothing wrong with it," Rogan said. "People are so silly. We were just talking about silliness. One person made a
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Enough selling pressure could push the S&P 500 to 4300, a level it last saw in June.
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Outgoing Tesla Chief Financial Officer Zachary Kirkhorn is the beneficial owner of about 2.7 million shares of Tesla stock. He could choose to monetize them soon.
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Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
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The company warned that some larger cloud customers are continuing to take a conservative approach to spending.
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Berkshire Hathaway is sitting on $144 billion, but CEO Warren Buffett believes there are better ways to use the spare cash than paying dividends.
( 21
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(Bloomberg) -- International Flavors and Fragrances Inc. fell after slashing its full-year sales guidance as customers pull back on spending while working through their stashes of products instead of replenishing their pantries. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushThe Global South Breaks Away From the US-Led World OrderHSBC Execu
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The Cupertino-based tech titan has lost its standing as a $3 trillion company.
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Eli Lilly’s diabetes treatment Mounjaro, which is widely used for weight loss, raked in nearly $1 billion in second-quarter sales, or more than $200 million above what Wall Street had expected. Shares of the drugmaker soared to an all-time-high early Tuesday after Lilly said Mounjaro sales swelled more than 70% since the first quarter to $980 million. The U.S. Food and Drug Administration approved the drug at the end of last year's second quarter to treat type 2 diabetes, but analysts see a lot of potential for it in the booming market for weight-loss treatments, and doctors have already been prescribing it off-label for that.
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DraftKings upgraded, Home Depot downgraded: Wall Street's top analyst calls
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Finding solid returns is the key to success in stock investing, but there are almost as many paths to that as there are investors. You can pack your portfolio with long-term stocks featuring slow appreciation; you can invest heavily in trending stocks that are riding a bubble, hoping to cash out at the right time; or you can buy into low-cost equities that feature high potential to boom. That last is the allure behind the penny stocks. Traditionally priced for a dollar or less per share, today t
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Moody's Investors Service cut the credit ratings of 10 U.S. regional banks and said it was reviewing the ratings of six other institutions, pointing to lower profits and higher funding costs.
Shares of M&T Bank (MTB), Pin
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The stock falls sharply after the scent and flavor maker cuts its full-year sales outlook.
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(Bloomberg) -- Tesla Inc. has a long history of promoting talent from within. Outside hires don’t last for very long in the carmaker’s scrappy, hard-charging culture, and it takes a certain stamina to work for Elon Musk.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop After Moody’s Cuts Ratings, Warns on RisksThe Global South Breaks Away From the US-Led World OrderEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches
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Palantir stock was rising early Tuesday after a drop following its earnings report. All eyes are on the progress of its artificial-intelligence platform after a stunning rally this year so far.
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Is it a viable plan to use my 401(k) for the eight years between retirement (age 62) and the max payout age for Social Security (age 70)? I have about $750,000 and I’m planning to take about $1,700 per month. I already have a pension of about $1,500 per month. –Lynne Waiting to file for […] The post Ask an Advisor: Should I Delay Social Security and Rely on My 401(k) for 8 Years? I Have $750k in Savings and a Pension appeared first on SmartReads by SmartAsset.
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The EV maker produced and sold about 10% more vehicles than expected in the second quarter.
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Sometimes, regular riders may be shocked by the cost of an Uber ride, but it's not something you'd expect the company's CEO to encounter. But Wired Editor at Large Steven Levy recently took a 2.95-mile Uber ride in New York City to meet Uber Technologies Inc. CEO Dara Khosrowshahi. When Levy asked Khosrowshahi to estimate the ride's cost, he casually put it at $20. Much to everyone's surprise, the price turned out to be $51.69, including a tip for the driver. "Oh, my God. Wow," Khosrowshahi excl
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(Bloomberg) -- Moody’s Investors Service lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. as part of a sweeping look at mounting pressures on the industry.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Pay
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min )
The Delhi-trained public accountant with big shoes to fill has kept a low profile since joining Tesla in 2016—a very low profile.
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min )
Barington Capital is pushing the company to find new directors, and possibly a new CEO.
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Novavax reported a second-quarter profit on Tuesday, helped by strong revenue from its COVID-19 vaccines, but still trimmed its full-year forecast for sales of the shot. The biotech company also entered into a stock purchase agreement with SK Bioscience Co, under which Novavax will issue 6.5 million shares to the South Korean company at $13 per share. Shares of Novavax were up 19% at $8.95 in premarket trading.
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Advanced Micro Devices (AMD) shares have jumped 80% in 2023. This uptrend is being powered by mega appetite for the stock.
( 31
min )
UPS’ full-year guidance change reflects the volume and cost impact from labor negotiations with the Teamsters. The post UPS lowers full-year outlook, posts drop in Q2 results appeared first on FreightWaves.
( 31
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Billionaire Charlie Ergen is planning to combine pay-TV provider Dish Network and satellite-communications company EchoStar.
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Results of a study looking at whether Novo Nordisk's Wegovy reduces the risk of heart attack and stroke are released Tuesday.
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Revenue declined at UPS in the second quarter and the package delivery company lowered its full-year revenue expectations by $4 billion, primarily due to a tentative labor contract reached late last month with its 340,000 unionized workers. UPS reached a tentative deal with the International Brotherhood of Teamsters, potentially averting a strike that threatened to disrupt package deliveries for millions of businesses and households nationwide. Under the agreement, which still needs to be approved by union members, full- and part-time union workers will get $2.75 more per hour in 2023, and $7.50 more by the end of the five-year contract.
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Eli Lilly beat Wall Street estimates for second-quarter profit on Tuesday, buoyed by strong demand for its new diabetes drugs Mounjaro, ahead of a decision on the medicine's use as a weight-loss treatment. Excluding items, the U.S. drugmaker earned $2.11 per share in the quarter ended June 30, above analysts' average expectations of $1.98.
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Kirkhorn was a key part of Tesla's turnaround over the last five years, says Dan Ives of Wedbush Securities.
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A plunge in Chinese imports bodes ill for Alibaba. But falling exports holds gloomy signs for the global economy more broadly.
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The rating agency said rising funding costs, possible decline in deposit levels and weaker profitability pose risks to the banking sector, which went through a crisis earlier this year after the collapse of three lenders. "The Moody's announcement is a wake-up call," Stuart Cole, chief macro economist at Equiti Capital, said.
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Meanwhile, the global shipping downturn, which has hurt margins for the sector, has forced logistic firms to balance costs and capacity to lower demand. UPS now expects 2023 consolidated revenue to be about $93 billion, compared with a prior forecast of about $97 billion. The company expects full-year adjusted operating margin of around 11.8%, compared to its prior forecast of about 12.8%.
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Average prices of gold during the reported quarter rose 4.3% compared to last year, nearly touching an all-time high in May as U.S. banking concerns accelerated a rush to the safe-haven asset. The company's average realized gold prices stood at $1,972 per ounce, up from $1,861 per ounce a year earlier. Meanwhile, all-in sustaining costs (AISC) for gold, a key industry metric that reflects total expenses associated with production, rose to $1,355 per ounce from $1,212 per ounce in the year-ago quarter.
( 31
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Palantir stock was rising early Tuesday after a drop following its earnings report. All eyes are on the progress of its artificial-intelligence platform after a stunning rally this year so far.
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(Bloomberg) -- A selloff in emerging markets accelerated Tuesday after data releases from China to Hungary underscored the price nations are paying for disinflation: a deeper slowdown in economic growth than initially expected.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaTexas Pow
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Major Chinese property developer Country Garden said on Tuesday it has not paid two dollar bond coupons due Aug 6 worth a total of $22.5 million. The bonds in question are notes due on Feb 2026 and Aug 2030 , both with 30-day grace periods, investors said, citing prospectus. Country Garden said its usable cash has continuously decreased, showing "periodic liquidity stress" due to deterioration in the sales and refinancing environment, and the impact from various fund regulations.
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Ratings agency Moody's downgraded the credit ratings of several U.S. banks on Monday and warned it was reviewing the status of some of the nation's biggest lenders. Moody's cut the ratings of 10 U.S. banks by one notch and placed some banking giants on review for potential downgrades. The downgraded banks include M&T Bank, Pinnacle Financial Partners, Prosperity Bank and BOK Financial Corp.
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Bitcoin edged up on Tuesday morning in Asia after U.S. multinational payment giant PayPal launched a U.S. dollar-pegged stablecoin on Monday.
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Employer-sponsored group term life insurance is often a free employee benefit. But it may not be enough to cover your family’s needs if you die.
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A jewelry floater is a type of supplemental insurance designed to protect precious jewelry.
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Today's top three nationwide CD rates are 5.75% from Andrews Federal Credit Union, 5.75% from INOVA Federal Credit Union, and 5.65% from Dow Credit Union.
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min )
The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.
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The S&P 500 dipped 0.4% on Tuesday, Aug. 8, 2023, as bank stocks lost ground after Moody’s downgrades.
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Bank of America study shows 401(k) balances are almost 10% higher as Generation Z and Millennials increase their contribution rates
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Wholesale inventories—the stock of goods available for sale by wholesalers and a factor that may influence the country's Gross Domestic Product (GDP)—fell 0.5% to $905.2 billion in June compared to May, but were 1.3% higher over the June last year.
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If you’ve seen fewer “made in China” labels on the products you buy, it’s no accident: trade between the U.S. and its biggest Asian trading partner has diminished as manufacturers have left China for friendlier shores.
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Bounty programs are rewards, usually in the form of tokens, to promote an initial coin offering (ICO).
( 19
min )
On Tuesday, Elon Musk's X Corp. entered into an exclusive partnership with Integral Ad Science Holding Corp. (IAS), an ad optimization company, to win back advertisers and address reports of growing hate speech on the platform.
( 19
min )
Chegg shares soared after the education technology provider posted better-than-expected sales and laid out its artificial intelligence strategy.
( 18
min )
Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.
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Learn about robo Roth IRAs and if you should consider using a robo-advisor to manage your Roth IRA.
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When it comes to money management, there is no lack of choice. Here's a comparison of services from traditional advisors vs. those of a robo-advisor.
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Accelerated amortization occurs when a borrower makes extra payments toward their mortgage principal, speeding up the settlement of their debt.
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min )
Chipmaker Nvidia has announced the release of its next-generation chip to capitalize on the demand for AI models and lower costs for developers.
( 17
min )
TSMC, Bosch, Infineon and NXP will build an $11 billion chip plant in Dresden, Germany, with production expected to begin by the end of 2027.
( 17
min )
Buying life insurance in a qualified retirement plan offers tax benefits, but this strategy can also be expensive and complex to manage. Here are the pros and cons.
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United Parcel Service, the world's biggest package delivery company, posted mixed second-quarter results on Tuesday, beating on earnings but falling short on revenues.
( 17
min )
Harvard Business School is an internationally renowned business school located at Harvard University in Boston, Massachusetts.
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In a survey, 44% said they are concerned Social Security may run out of money and stop making payments.
( 18
min )
Amazon (AMZN) said on Tuesday it will be hosting a second Prime Day-style event in October named "Prime Big Deal Days," in an effort to lure shoppers ahead of the holiday season.
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min )
If you’re feeling the financial pressure from today’s high interest rates on all kinds of loans, relief from a year and a half of rate increases may be on the way.
( 18
min )
Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.
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U.S. equities sank at midday on Tuesday, Aug. 8, 2023, following bank downgrades by Moody's and data showing credit card debt rose to a record.
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Rates on 30-year mortgages dropped for a second day, along with almost every new purchase and refi average. But jumbo loan rates meanwhile held steady.
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ADRs of Novo Nordisk surged to an all-time high after a study found Novo Nordisk's Wegovy weight-loss drug also helped cut risk of major adverse cardiovascular events by 20%.
( 17
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Eli Lilly shares rose to a record after the company posted better-than-expected results and raised its guidance on soaring demand soared for its diabetes drug, Mounjaro.
( 17
min )
Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
( 18
min )
Adjustable life insurance allows policyholders the option to change key features like premiums and the death benefit.
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The NFIB Small Business Optimism Index was slightly better than expected in July but overall small business owners continue to be troubled by prices, hiring, compensation and lower profits.
( 17
min )
Billionaire Charlie Ergen is combining Dish and EchoStar in an all-stock deal to create one big wireless network that could take on AT&T and Verizon.
( 18
min )
Beyond Meat's revenue declined 30% in the second quarter as consumers pulled back on buying plant-based meat.
( 17
min )
The Marshall School of Business at the University of Southern California offers a variety of undergraduate and graduate programs.
( 21
min )
Berkshire Hathaway is sitting on $144 billion, but CEO Warren Buffett believes there are better ways to use the spare cash than paying dividends.
( 21
min )
How much does it cost to send a text message? For 11 trading firms, the practice of their employees texting about work on their personal devices has cost a combined $549 million in fines from federal regulators.
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min )
Survey shows Americans are receptive to AI tools to help care for them as they age, with Nationwide testing ‘eldercare robotics’ for those with mobility issues.
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Slowing revenue growth hasn't dented the profitability of America's biggest firms, as S&P 500 companies found alternative ways of boosting profits.
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min )
Getting into a top school does not hurt, but it is not the real driver of who goes on to do well in life, as some provocative research shows.
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Here is a look at which presidents ran the largest federal budget deficits in U.S. history and why, from World War I through President Biden's administration.
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Insurance in the United States dates back to colonial days, when Benjamin Franklin was a property insurance pioneer.
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min )
U.S. bailouts date all the way back to 1792. Learn how the biggest ones affected the economy.
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Gold ETFs operating as trusts are straightforward. The trust holds gold and issues shares. Learn how ETFs are more efficient than buying physical gold.
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min )
In de afgelopen twintig jaar zijn steeds meer mensen gaan werken in ons land. Momenteel zijn er meer werkenden dan mensen zonder baan. In het tweede kwartaal waren er 120 mensen met betaald werk op 100 mensen die niet werkten.
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min )
Het aantal vluchten in Europa is in juli bijna weer op het niveau van voor de coronapandemie gekomen, meldt de Europese luchtverkeersleidingsdienst EUROCONTROL. Wel zorgde het extreme weer voor veel vertraging.
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min )
Elf van de twaalf reisaanbieders laten op hun website prijzen zien waarvoor de vakantie helemaal niet te boeken is. Dat blijkt uit een controle van toezichthouder ACM. Binnen acht weken moeten de reisaanbieders hun zaken op orde hebben, anders volgen boetes.
( 4
min )
De Italiaanse regering gaat zogenoemde overwinsten van banken extra belasten, omdat banken profiteren van de oplopende rente. De overheid denkt daarmee 2 miljard euro op te halen voor belastingverlagingen en steun aan starters op de woningmarkt.
( 3
min )
Elf van de twaalf reisaanbieders laten op hun website prijzen zien waarvoor de vakantie helemaal niet te boeken is. Dat blijkt uit een controle van toezichthouder ACM. Binnen acht weken moeten de reisaanbieders hun zaken op orde hebben, anders volgen boetes.
( 4
min )
Om de beschikbaarheid van flexwoningen te stimuleren, kocht de overheid er alvast tweeduizend. Nu blijkt dat er ondanks een nijpend woningtekort nog steeds negentienhonderd in de opslag staan.
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Op NU.nl vind je elke dag een stelling die bij het nieuws past. Lang niet alles waar statiegeld op zit wordt ingeleverd, bleek maandag. Lever jij je blikjes in, of gooi je ze nog steeds in de prullenbak? Is 15 cent statiegeld de moeite waard? Breng je stem uit en discussieer mee.
( 3
min )
Doordat de voetbalsters hun WK-wedstrijden midden in de nacht spelen, komen Oranjegetinte reclames en acties vanuit winkeliers nog niet van de grond. De verwachting is dat de Oranjekoorts stijgt als Nederland vrijdag in de kwartfinale ook van Spanje wint.
( 4
min )
De Chinese export is in juli voor de derde maand op rij afgenomen. Het land voerde vorige maand 14,5 procent minder uit dan een jaar eerder, de grootste daling sinds het begin van de coronapandemie.
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min )
Prijzen voor energie zijn in een jaar tijd met meer dan 34 procent gedaald. Desondanks blijft de inflatie met 4,6 procent in juli best hoog. Belangrijkste oorzaak is dat boodschappen nog steeds fors duurder zijn dan vorig jaar.
( 4
min )
We’re in the midst of a major economic transition, one that may eventually match the changes of the Industrial Revolution. The change, of course, is the advent of the green economy, and the switch from fossil fuel energy sources to renewable energy. While wind and solar power are soaking up the headlines, a more plausible long-term green power source is already near at hand: hydrogen. Hydrogen, the most common element in the universe, is all around us – highly reactive and non-polluting. When us
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min )
Lucid reported a second-quarter per-share loss of 40 cents from sales of about $151 million. Wall Street was looking for a per-share loss of 34 cents from sales of $182 million.
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min )
(Bloomberg) -- Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaThe Burlingame, California-based com
( 31
min )
Nothing warms an investor's heart more than seeing companies in their portfolio with consistently increasing earnings that also beat the analysts' expectations. With dozens of second-quarter real estate investment trust (REIT) earning reports coming out this week, take a look at three REITs with dividend yields above 6% that just beat Wall Street's second-quarter estimates for earnings and revenue. EPR Properties (NYSE:EPR) is a Kansas City, Missouri-based diversified experiential REIT that owns
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min )
“The gravity of a challenging smartphone market particularly in developed regions that should continue…is a headwind for the stock,” UBS analyst David Vogt said.
( 33
min )
RingCentral posted solid second-quarter results that edged Wall Street estimates, but the cloud-based telecom provider left its full-year view mostly intact.
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Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.
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min )
The Bud Light owner is selling eight beer and beverage brands for an undisclosed amount to the cannabis company.
( 26
min )
Things couldn't be going much better for the drugmaker. The stock is up about 50% over the past 12 months and nearly 25% so far this year.
( 26
min )
For all those who are not Tesla Inc (NASDAQ: TSLA) or one of the biggest Chinese EV makers, the EV venture is wildly risky ride that makes profitability seem like mission impossible sometimes. Although Kelley Blue Book reported that EV sales skyrocketed 65% last year while automotive sales contracted 8%, the EV adoption is everything but fast as it entails hefty costs. For manufacturers, Tesla made it even harder by starting a price war at the beginning of the year, one that not many are able to
( 34
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Tesla surprised the Street with news of the departure of its longtime CFO.
( 33
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(Bloomberg) -- When China abandoned pandemic restrictions after three years of stringent controls, Nie Xingquan was expecting booming sales for his hand-made leather shoes. Instead, demand has been so poor that he’s had to cut prices 3% from a year ago and reduce his profits.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Dro
( 33
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Wall Street is looking for a 3-cent per share loss from sales of $1.3 billion. A year ago, Li reported a 2-cent loss from $780 million in sales.
( 26
min )
Plant-based meat maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts. The El Segundo, California-based company lowered its full-year revenue forecast as a result. International revenue was down 8.7%.
( 30
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The tech titan has had three consecutive quarters of declining sales for the first time since 2016. The stock was the Dow's worst performer on Monday.
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The repurchase program is the data-analytics software company's first since the stock began trading in 2020.
( 27
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Palantir Technologies raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion as the data analytics software maker enjoys "unprecedented demand" for its artificial intelligence platform. In a letter to shareholders, CEO Alexander Karp said the platform has users across over 100 organizations, including from automotive and healthcare industries, and that Palantir was in talks with more than 300 additional companies. Investors expect Palantir to have an edge over others in working with large language models in heavily regulated industries such as defense due to its work with U.S. government bodies including the Central Intelligence Agency.
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The quarterly earnings report from Berkshire Hathaway was the first with a full set of financial numbers from Pilot. The post 1st peek at Pilot’s finances after Berkshire Hathaway ownership grows appeared first on FreightWaves.
( 31
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The tech titan has had three consecutive quarters of declining sales for the first time since 2016. The stock was the Dow's worst performer on Monday.
( 27
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With elevated interest rates, securing a mortgage to buy a house can be challenging. But what could be more surprising is how the numbers actually work once you start making mortgage payments. "New mortgage math is brutal," Austen Allred, co-founder and CEO of online coding bootcamp Bloom Institute of Technology, wrote in a recent tweet. Allred explained that if you purchase a $1 million house with a $200,000 down payment and get an $800,000 mortgage at a 7% interest rate, in the first three yea
( 32
min )
(Bloomberg) -- A beaten down micro-cap biotech company, Vistagen Therapeutics Inc., is having its best day ever, surging north of four digits after its experimental nasal spray for social anxiety disorder hit targets in a late-stage trial.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding W
( 31
min )
Shares of Tesla are down in afternoon trading after Elon Musk's electric-vehicle company said its chief financial officer stepped down.
Zachary Kirkhorn stepped down after a 13-year tenure with the company, Tesla s
( 21
min )
Shares of the chip company Intel have gained about 35% so far this year as they gain ground lost in last year’s rout. The CEO just bought $250,000 of stock.
( 26
min )
Tesla’s 39-year-old chief financial officer has left the company with a $170m (£130m) fortune after just four years in the post.
( 31
min )
Viatris CEO Scott A. Smith said that the company will be announcing at least one and perhaps others of its planned $9 billion in divestitures.
( 10
min )
(Bloomberg) -- The fortune of Vietnam’s wealthiest man is poised to soar by as much as $11 billion, vaulting him to the upper ranks of the world’s richest people — for a while, at least.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaPayPal Launches a Stablecoin in Latest Crypto Payme
( 33
min )
MS equity strategist Michael J Wilson noted that massive fiscal stimulus, prompted by the COVID-19 pandemic since its outbreak in 2020, allowed the U.S. economy to grow faster than forecast. This resilience in the face of rapid interest rate hike by the U.S. Federal Reserve has seen some Wall Street strategists chalking in a continued rally for some U.S. stocks. While aggressive fiscal spending could continue, given the debt ceiling has been raised, fiscal policy has limits as deficits would widen - one of the reasons for Fitch's downgrade.
( 31
min )
The company said boosting dividends was part of a “sustainable and progressive” approach to investor payouts.
( 31
min )
That's how much market value Apple has lost over the course of a recent losing streak for its stock, according to Dow Jones Market Data as of Monday morning.
Shares of Apple are falling Monday for a fifth consecutive trading session. The sell off intensified after Apple [reported earnings](https://
( 21
min )
Investors are constantly looking for different ways to beat the market and there are several routes to follow in that pursuit. One common strategy is to keep track of the insiders’ moves. By insiders, we mean the corporate officers responsible for their own companies’ performance, who also naturally know the inner workings of the firms they work for better than anyone else. When they are seen picking up shares of company stock – by law they are required to make the transactions public – it sends
( 34
min )
Zachary Kirkhorn, who some watchers of the EV company have said could take on an expanded role if CEO Elon Musk wanted to do less, is stepping down.
( 26
min )
Sage Therapeutics says it is 'evaluating resource allocation, including pipeline prioritization and a workforce reorganization with a goal of extending our cash runway.'
( 27
min )
PayPal would represent a blue-chip alternative to the largest stablecoin issuer, Tether, which could make $6 billion in profit this year.
( 26
min )
Swings in stocks and bonds have boosted the metal’s popularity with ordinary investors.
( 26
min )
American Airlines downgraded, United upgraded: Wall Street's top analys
( 33
min )
The EV maker appointed Vaibhav Taneja as chief financial officer, succeeding Kirkhorn.
( 25
min )
Guggenheim analysts downgraded Cloudflare while Wedbush pulled Palo Alto Networks from its best ideas list as worries spread about cybersecurity spending.
( 27
min )
(Bloomberg) -- Tyson Foods Inc. will shut down four additional chicken facilities after fiscal third-quarter sales trailed even the lowest of analyst estimates. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampProduction f
( 32
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Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs. The company said Monday that the plants being closed are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri and Noel, Missouri. Tyson said that it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024.
( 31
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Tesla said on Monday that Zachary Kirkhorn stepped down as its chief financial officer and named Vaibhav Taneja as its new finance chief. Taneja takes on the CFO role in addition to his role as chief accounting officer, the automaker said. Kirkhorn, who stepped down from his role on Friday, will remain with Tesla through the end of the year.
( 30
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Kevin O'Leary, the entrepreneur and "Shark Tank" television star, expressed concern over a "crisis emerging" in the United States during a recent interview on Fox Business. O'Leary, who works closely with small and mid-sized businesses, said he doesn't see optimism increasing in the economy as some may suggest. Despite reports of optimism in the data, O'Leary's interactions with businesses across various states reveal a different reality — entrepreneurs are far from content with the prevailing e
( 32
min )
Campbell said the deal for Sovos Brands is expected to close in December.
( 26
min )
Nikola stock has been all over the place. The trend, despite all the volatility, is up. Shares have been boosted by demand for the company's hydrogen fuel cell-powered trucks.
( 27
min )
Tracy Britt Cool likened her approach in reaching out to businesses to applying for college scholarships, saying it takes energy and discipline.
( 31
min )
Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.
( 27
min )
U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.
( 26
min )
The company is closing more meat-processing plants as it continues to try to fix its chicken business, while challenges persist across its beef and pork operations.
( 25
min )
The maker of Ball Park hot dogs and other foods closed four chicken facilities to cut costs, recording an impairment charge.
( 26
min )
Three years into the return-to-office battle and it’s becoming apparent that its staunchest supports are losing ground.
( 32
min )
(Bloomberg) -- Federal Reserve Bank of New York President John Williams sees the need to keep US monetary policy restrictive for some time and said interest-rate cuts may be warranted next year if inflation slows. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Chan
( 30
min )
In highly polarized times, no matter the cultural or political issue, broadly, 45% support you, 45% are against you, and about 10% are undecided.
( 34
min )
Tyson Foods said on Monday it is closing four more U.S. chicken plants in its latest effort to cut costs. The meat company has grappled with declining profits and struggled to improve results in its chicken business. Tyson said it would move the work performed in the plants to newer facilities that are closer to its customers, but declined to say how many employees were affected.
( 31
min )
Block stock tumbled into the end of the week, but analysts are turning more upbeat given the fintech group's guidance and position among peers.
( 26
min )
(Bloomberg) -- Nvidia Corp. has soared more than 200% this year, and if that’s used as a proxy for the bubble in artificial intelligence stocks, Morgan Stanley reckons the peak in the bull-run is near.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How J
( 31
min )
Fortinet stock fell 25% on Friday after it warned of deals being delayed. Guggenheim's Raymond McDonough says it's time to buy the dip.
( 26
min )
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Surging U.S. corporate bankruptcies surpass the total for all of 2022 as filings reach pace on par with pandemic, global financial crisis years.
( 19
min )
“It requires the discipline and the time and the energy to do it. And to invest in that.”
( 31
min )
Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.
( 27
min )
Wall Street's main indexes ended the week lower on Friday with some investors taking profits after months of gains due to economic data, mixed earnings and rising Treasury yields. U.S. stocks have sharply rallied in 2023, with the benchmark S&P 500 clocking 16.6% gains year to date, fueled by optimism around artificial intelligence and hopes of a soft landing for the world's largest economy. Both Bank of America and JPMorgan last week ditched their forecasts for a U.S. recession.
( 31
min )
(Bloomberg) -- Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampLenders including Goldman Sachs Grou
( 35
min )
(Bloomberg) -- Oil held gains after Ukraine attacked another Russian vessel over the weekend, putting at risk significant flows of the nation’s commodities from the Black Sea such as crude and grains.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageDeSantis Camp Hit by Gloom a
( 32
min )
Apartment buildings rose in value for years, but surging interest rates loom over the sector’s property owners now.
( 26
min )
(Bloomberg) -- A fresh fiscal showdown is brewing in Washington that threatens to complicate the Federal Reserve’s policy making and strengthen Fitch Ratings’ warning that self-inflicted wounds are tarnishing America’s standing in the global economy.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rap
( 32
min )
U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.
( 26
min )
The 99-year-old company filed for Chapter 11 bankruptcy protection Sunday and said it will seek court authorization to make payments such as employees wages, salaries and benefits.
( 26
min )
Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. Former Yellow customers and shippers will face higher prices as they take their business to competitors, including FedEx or ABF Freight, experts say — noting Yellow historically offered the cheapest price points in the industry.
( 31
min )
↗️ Berkshire Hathaway (BRK.B, BRK.A): Warren Buffett’s conglomerate swung to a second-quarter profit of
( 21
min )
Warren Buffett's Berkshire Hathaway reports second-quarter after-tax operating earnings of $10 billion, a quarterly record, trucking company Yellow files for bankruptcy, and Lucid slashes prices ahead of Monday's earnings report. Palantir also reports Monday, while UPS, Eli Lilly, and Walt Disney are scheduled to issue earnings later this week.
( 27
min )
(Bloomberg) -- China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampBullion hel
( 30
min )
(Bloomberg) -- Warning bells are ringing for US stocks from signs that high fiscal spending, which underpinned economic growth this year, is unsustainable, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How J
( 32
min )
(Bloomberg) -- Investors in emerging markets are shifting to stocks from bonds as they prepare for the world after monetary tightening.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampThere are early signs of a rotati
( 32
min )
Saudi Arabia's state-run oil giant Aramcobrought in $30 billion in revenues in the second quarter, a nearly 40% decline from the same period the previous year, which it attributed to lower crude oil prices. Aramco is one of the biggest companies in the world, and Saudi Arabia is looking to oil revenues to fund ambitious plans to overhaul its economy.
( 29
min )
Saudi Arabian state oil giant Aramco on Monday reported a near 38% drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals. Aramco's net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 billion a year earlier, the company said in a bourse filing, but topped the $29.8 billion expected by 15 analysts in an Aramco-provided poll. ($1 = 3.7513 riyals)
( 29
min )
China's state planner hinted of stimulus over three press conferences convened last week, but investors were underwhelmed by proposals to expand consumption in the automobile, real estate and services sectors as well as extend loan support tools for small and medium-sized enterprises until the end of 2024. As many of China's major markets grapple with higher borrowing costs amid a battle to bring down soaring inflation, authorities in Beijing are walking a tight rope in trying to boost domestic consumption without easing monetary policy too much lest it triggers large capital outflows. But South Korean exports to China, a leading indicator for imports to the Asian giant dropped 25.1% in July from a year earlier, the sharpest in three months.
( 30
min )
Thailand is benefiting from India's rice export ban and has no reason to halt shipments of the grain itself, its commerce minister said on Monday. The government would ensure sufficient rice output for both domestic consumption and exports, and also make sure domestic prices are not too high, minister Jurin Laksanawisit told a press briefing. In the first seven months, Thailand shipped 4.8 million metric tons, he said, adding monthly exports stood at 700,000 to 800,000 metric tons.
( 30
min )
Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the bank's integration with UBS Group. Only about 20 bankers will likely be spared the cuts that will impact Credit Suisse's 100-people strong investment banking team based in the territory, the people said, declining to be identified as the discussions on the matter were private. Hong Kong makes up Credit Suisse's biggest share of investment bankers in Asia.
( 31
min )
(Bloomberg) -- After India banned some rice exports to control domestic prices, traders are worried another food staple could be vulnerable: sugar.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageThe world has beco
( 32
min )
When the chip designer Arm shortly sells shares in this year’s most closely watched initial public offering (IPO), it will represent for many the final Americanisation of a great British company.
( 35
min )
(Bloomberg) -- Hedge funds ramped up their bearish Treasuries bets to a record last week just as yields surged toward multi-month highs, while more traditional investors were burnt having boosted wagers in the opposite direction with similar conviction.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampMusk Says He May Need Surgery, Will Get MRI on Back and NeckUkraine Black Sea Drone Attacks Signal
( 31
min )
(Bloomberg) -- Yellow Corp. filed for bankruptcy after the trucking firm’s long-running financial woes were compounded by a dispute with its labor force. Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrough Reaches Ignition AgainThe carrier listed
( 31
min )
The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal Covid-19 relief loan.
( 28
min )
(Bloomberg) -- The euro zone’s custodians have set a course for the biggest policy-inflicted blow since the currency was created.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageThe combination of higher interest r
( 33
min )
Asian shares were trading mostly lower on Monday after U.S. employment data had Wall Street close out a losing week. Investors are also closely watching earnings reports due later this week, including from Disney in the U.S., Alibaba Group in China and Sony and SoftBank in Japan. Japan's benchmark Nikkei 225 recouped losses earlier in the day and was down less than 0.1% at 32,190.31 in morning trading.
( 32
min )
(Bloomberg) -- Paytm founder Vijay Shekhar Sharma will acquire a 10.3% stake from China’s Ant Group Co., in an unusual transaction that won’t involve any cash payment or change in economic interest.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrou
( 30
min )
U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt load after a series of mergers and following tense contract negotiations with the Teamsters Union.
( 29
min )
(Bloomberg) -- Most Asian shares fell Monday after a mixed US jobs report and a reversal of gains on Wall Street that saw the S&P 500 lose a near 1% gain.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks Signal a Rapidly Expanding WarBenchma
( 32
min )
(Bloomberg) -- A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks
( 33
min )
Already at a 16-year high, the top savings account rate has climbed again, to 5.25% APY offered by two banks. Another dozen offer yields above 5.00% APY.
( 19
min )
Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.
( 18
min )
According to Investopedia’s latest sentiment survey of our newsletter readers, more investors are expecting higher returns for the U.S. stock market over the next six months, and fewer are expecting losses. Fewer investors are making “safer” choices with their investments and leaning more into stocks.
( 17
min )
A guide to the third round of PPP funding under the Consolidated Appropriations Act, 2021, and how it differed from the first two rounds.
( 30
min )
A housing unit is a single residential unit in a larger structure that is occupied or intended as a separate living quarter.
( 18
min )
The S&P 500 snapped a four-day losing streak on Monday, Aug. 7, 2023, rising 0.9% after the latest round of earnings reports.
( 17
min )
Robo-advisors come in all shapes and sizes. Learn some of the pros and cons of automated financial advisory services.
( 26
min )
Following last week’s downward turn, the Dow Jones Industrial Average bounced back, rising 407 points, or 1.2%, as investors readied for new inflation data to close out the week.
( 17
min )
For the first time in more than two years, credit card debt is falling, as banks make it more difficult for consumers to put purchases on plastic.
( 17
min )
Lawmakers said they were concerned over the $20 billion Adobe-Figma merger's effect on the market for the supply of interactive product design and digital asset creation tools.
( 16
min )
Sage Therapeutic shares fell to an all-time low after the FDA rejected use of its treatment for major depressive disorder.
( 18
min )
Viatris shares advanced after the drugmaker posted better-than-expected results, said it will announce one or more divestitures this quarter, and indicated the FDA agreed to consider approval of its new multiple sclerosis treatment produced with Israel’s Mapi Pharma.
( 17
min )
From economics to statistical analysis, certain bachelor's degrees make graduates more qualified for landing highly sought hedge fund jobs.
( 23
min )
Despite data pointing to an economy approaching a soft landing, inflation rates are still above the Federal Reserve's target of 2%.
( 18
min )
Personal loan rates fell sharply this week to 20.65%, dropping 21 basis points since last week when the average personal loan rate sat at 20.86%.
( 18
min )
Despite their technological sophistication, there are limitations to what robo-advisors can do.
( 22
min )
While many COVID relief measures have expired, some remain in place.
( 41
min )
Digital payments company PayPal (PYPL) just launched a U.S. dollar-pegged stablecoin called PayPal USD, becoming the latest firm to offer customers a stablecoin payment option.
( 18
min )
Following these five tips will help keep your resume out of the recycling bin when applying for a finance job out of college.
( 29
min )
The Stephen M. Ross School of Business is the business school at the University of Michigan, located in Ann Arbor, MI.
( 20
min )
U.S. equities were higher at midday on Monday, Aug. 7, 2023, after the latest earnings reports and ahead of key inflation data due later in the week.
( 17
min )
Before you make the leap into post-secondary, remember these important factors and handle them accordingly.
( 23
min )
If a stock's market value is well above its intrinsic value, it may be a red flag or it may not. Here's how to read into the numbers.
( 18
min )
The Chain Ladder Method (CLM) calculates the claims reserve requirement in an insurance company’s financial statement. This actuarial method is one of the most popular reserve methods.
( 18
min )
Membership in college or university honor societies is commonly offered through invitational only and provides various benefits to members.
( 20
min )
American Depositary Receipts of BioNTech sank as COVID-19 vaccine demand waned and sales of its vaccine plunged.
( 17
min )
If you receive student loan forgiveness, your debt history is not removed from your credit report.
( 24
min )
Shares of Tyson Foods tumbled as the giant meat provider posted worst-than-expected results and announced it was closing more production plants to cut costs as sales slipped.
( 17
min )
Current high school students are thinking more strategically about their college education than their predecessors, according to a survey from Fidelity Investments, but do they know enough to make the right decisions?
( 18
min )
Robo-advisor tax-loss harvesting is the automated selling of securities in a portfolio to deliberately incur losses to offset any capital gains or taxable income.
( 26
min )
Campbell Soup Company (CPB) has acquired Sovos Brands, Inc. (SOVO)—the parent company of brands such as Rao's pasta sauces, Noosa Yoghurt and Italian frozen food Michael Angelo's—for $2.7 billion
( 17
min )
With $1.3 billion in debt and facing a standoff against labour union Teamsters, trucking company Yellow filed for bankruptcy.
( 17
min )
As if figuring out what to take in school isn't hard enough, you also have to find a way to pay for it.
( 22
min )
Members of the LGBTQ+ community have had a harder time getting home mortgages, although that may be starting to change.
( 26
min )
LGBTQ+ students may face unique challenges when paying for college, and many end up with excessive student loan debt after graduation.
( 26
min )
Lindsey Bell, Chief Strategist at 248 Ventures, climbs back aboard The Express to take investors' temperatures following the Fitch credit rating downgrade. What's the message behind the drop from AAA to AA+, and why a potential government shutdown may make matters worse.
( 19
min )
STEM degrees represent a lot of the top-paying programs, but even a liberal arts education can be a valuable stepping-stone to lucrative careers.
( 26
min )
Surging U.S. corporate bankruptcies surpass the total for all of 2022 as filings reach pace on par with pandemic, global financial crisis years.
( 18
min )
Default risk is the risk lenders take that companies or individuals will be unable to make the required payments on their debt obligations. Learn how its measured.
( 23
min )
A sovereign bond is a debt security issued by a national government to borrow funds.
( 21
min )
A credit default swap (CDS) is a particular type of swap designed to transfer the credit exposure of fixed income products to another party.
( 25
min )
A bond rating is a grade given to bonds that indicates their credit quality. Learn how credit rating agencies assign bond ratings.
( 23
min )
Loss cost is the amount of money an insurer must pay to cover claims and the costs to administer and investigate such claims.
( 18
min )
Typically comprised of liquid assets, loss reserves are an asset that allows an insurer to cover claims made against policies it underwrites.
( 19
min )
Consumer advocate and insurance expert Doug Heller shares the ins and outs of auto insurance to help consumers make informed choices and protect themselves.
( 29
min )
International bonds are usually securities issued in one country but bought by an investor residing in another country and using its local currency.
( 20
min )
Net amount at risk is the monetary difference between the death benefit paid by a permanent life insurance policy and the accrued cash value.
( 19
min )
A policyholder’s personal liability insurance pays for covered losses and damages sustained by third parties, along with related legal costs. Learn how it works.
( 21
min )
Er drijft minder 'plasticsoep' in de oceanen dan gedacht. Lang geen 50 tot 300 miljoen ton, maar toch nog 3,2 miljoen ton. Een NU.nl-lezer vroeg zich af: heeft dat plastic invloed op de steeds warmer wordende oceaan? Dit zegt onze klimaatverslaggever Rolf Schuttenhelm.
( 3
min )
Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
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De websites van Maastricht Aachen Airport en de vereniging van openbaarvervoerbedrijven zijn maandag moeilijk bereikbaar door een cyberaanval. Een Russische hackersgroep zegt verantwoordelijk te zijn voor de aanval.
( 3
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Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
( 5
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Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
( 5
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Het Saoedische staatsolieconcern Saudi Aramco heeft in het tweede kwartaal fors minder winst geboekt vanwege de lagere olieprijzen. Het bedrijf heeft verder te maken met een lagere productie.
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min )
Het Afvalfonds Verpakkingen is 'niet echt tevreden' over het inleveren van plastic flessen met statiegeld. De organisatie pleit in zijn jaarverslag over 2022 voor meer innamepunten.
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min )
Nationale-Nederlanden heeft tienduizenden klanten verkeerd en te laat geïnformeerd over hun pensioen. Daarom heeft toezichthouder AFM de verzekeringsmaatschappij een boete opgelegd van 425.000 euro.
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PostNL heeft de afgelopen maanden meer pakketten verwerkt dan verwacht. Daarom is het postbedrijf positiever over de winst voor dit jaar.
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Nederland heeft dit jaar tot dusver ruim vijfduizend toeristenvisa toegekend aan reizigers uit China. Nu ook daar de coronalockdowns eindelijk voorbij zijn, gaan Chinese toeristen mondjesmaat weer naar Europa op vakantie.
( 4
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Adjusted earnings provide a measurement of how current performance compares with performance in previous years.
( 20
min )
Most all-perils homeowners insurance policies cover roof replacement if the damage is the result of an act of nature, but not if it's from wear and tear. Learn more.
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Your company will benefit directly from the new skills and knowledge you acquire. Here's how to make your case for tuition reimbursement.
( 25
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Magna cum laude is an honorific for a degree earned with great distinction. It means “with great praise” in Latin, and there’s no set grade point average (GPA) to get it.
( 25
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Detailed description of how much an individual should consider paying for a car.
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min )
Investment banking focuses on raising capital while corporate finance deals with day-to-day financial operations.
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An occurrence policy covers claims made for injuries sustained during the life of an insurance policy, even if they're filed after the policy is canceled.
( 19
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A civil authority clause is an insurance provision that outlines whether or not lost income will be reimbursed when a government entity denies access to covered property.
( 19
min )
Reinsurance sidecars are financial entities that solicit private investment to underwrite a limited book of insurance policies for a limited period.
( 19
min )
Here is how much each U.S. president contributed to the U.S. national debt, both by percentage and in dollar amounts.
( 27
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Investors shouldn't try to 'time the market,' as poorly scheduled purchases and sales cost investors a fifth of their potential fund returns in the past decade.
( 18
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"Barbie" isn't just one of 2023's biggest box office hits, it could also have a lasting financial impact on companies spanning fashion, entertainment, and home decor.
( 19
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Learn more about the Kellogg School of Management, the business school at Northwestern University.
( 21
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The Federal Direct Loan Program is a government program that provides low-interest loans with fixed interest rates to students. Learn how these loans work.
( 25
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Health insurance is a type of contract in which a company agrees to pay some of a consumer's medical expenses in return for payment of a monthly premium.
( 27
min )
Whether dealing with COVID-19 or trying to grow your business, a Small Business Administration loan can help. Learn the details and how to apply here.
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Often buyers choose to trade-in their vehicle rather than selling it privately and separately. Find out why you should always put a down-payment and never trade-in for convenience.
( 20
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Discover why shareholder rights plans are known as poison pills, and understand their benefits and drawbacks.
( 19
min )
The key economic, investing, and business terms that dominated the 2020 presidential election.
( 32
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Copays and coinsurance are two types of out-of-pocket costs, but they vary depending on the health insurance plan you choose.
( 25
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Cecilia Rouse is the chairperson of the Council of Economic Advisers.
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An assignor is a person or entity who transfers rights or benefits to another party, the assignee. Read about the rights of the assignor vs assignee.
( 23
min )
Firms will need to build more revenue, demonstrate profitability, and outgrow the value that venture capital is already bringing, experts say.
( 20
min )
A sandwich lease occurs when a lessee on a property leases to a third party, often as an investment strategy.
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Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.
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A homeowners insurance declaration page is a summary of the key facts about your policy. Here’s how to read yours and what it means.
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Rent expense is the cost incurred by a business to utilize a property as an office, factory, storage, retail space, or general use space.
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China's promised "basket of measures" to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into the central budget. Local governments are fundamental to China's economy, with Beijing tasking provincial and city officials with meeting ambitious growth targets. Chinese leaders last month pledged, without detailing, to help ease their debts, signalling worries over a potential chain of municipal debt defaults destabilising the financial sector.
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This year started with a red-hot stock market, there is no question of that. Since the start of 2023, even accounting for losses last week, the S&P 500 shows a year-to-date gain of 17%, and the NASDAQ is up 33%. Currently, the gains are narrow, mainly relying on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood that investor money will start spreading more widely. If the bull market does widen out, it will raise the question of which stocks to buy. This is where Goldman S
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Authentic Restaurant Brands is expected to buy Fiesta Restaurant Group for $225 million.
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Falling inventories and tighter supply have lifted oil prices in recent days, but how long will the rally last?
( 32
min )
Strategists have been rushing to catch up with the market, but stocks had other things in mind.
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Berkshire's growing hoard of cash, nearing a record level, is an ongoing “problem” for Buffett—albeit a nice one to have.
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Investors shouldn't try to 'time the market,' as poorly scheduled purchases and sales cost investors a fifth of their potential fund returns in the past decade.
( 19
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Earnings season rolls along this week, with reports also due from Paramount, Eli Lilly, Wynn Resorts, and many more. And look out for crucial inflation indicators in economic data to be released at week's end.
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FRANKFURT (Reuters) -Daimler Truck's Chief Financial Officer Jochen Goetz has died in a "tragic accident," the company said on Sunday. Goetz, 52, died on Saturday, a statement said, without giving details of the accident. Goetz spent his entire professional career, spanning more than 36 years, in the Daimler Group, and was largely responsible for the successful spin-off of Daimler Truck Holding from what is now the Mercedes-Benz Group in December 2021.
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(Bloomberg) -- Saudi Arabia’s sovereign wealth fund reported a $15.6 billion comprehensive loss for 2022 after the value of its investments in SoftBank Vision Fund plunged and other tech ventures were hit by a market downturn.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayDan Loeb Surrendered but Meme Army Still Hits Bears for Million
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Two key reports on inflation, the CPI and PPI, are due this week as are a host of quarterly earnings, including Disney, Tyson Foods, Beyond Meat, Rivian and UPS.
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min )
The design of 401(k)s and other retirement savings plans too often lead employees to make financially harmful mistakes. It doesn’t have to be that way.
( 26
min )
People are pouring money into assets that they see as a safer bet than the Turkish lira, which has declined by more than 80% in the past five years.
( 23
min )
(Bloomberg) -- Poland has stopped shipping oil through part of the western section of the Druzhba pipeline that sends crude to Germany after a leak was detected late Saturday, according to Polish pipeline operator PERN.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American BuyersNetany
( 30
min )
(Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American Bu
( 33
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Yellow's apparently impending bankruptcy filing could further disrupt two #OverlandPark office properties — where the trucker leases more than 400,000 square feet — already under scrutiny from loan servicers.
( 13
min )
Energy companies scramble to attract engineers as young workers fret over climate and job security.
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The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a
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AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia.
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As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.
( 23
min )
During its second quarter earnings call, Main Street Capital Corp. announced it has made substantial progress on closing its second private loan investment fund.
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min )
A look at how companies and sectors performed in the second quarter of 2023.
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min )
Inflation and resentment are stoking heightened labor activism, with FedEx pilots rejecting a union-brokered deal.
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‘Bear steepening’ trade drives 10-year Treasury yield close to a decade-plus high.
( 26
min )
The presenters of Top Gear pulled no punches as they ridiculed Chinese cars on a visit to the country just over a decade ago.
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"If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill," Musk said in a post on X late on Saturday, adding that there will be no limits to funding the bills. "And we won't just sue, it will be extremely loud and we will go after the boards of directors of the companies too," Musk said later in response to a post about nothing changing behavior in the U.S. faster than a threat of legal action. Late last month, Musk said that monthly users of X reached a "new high" and shared a graph that showed the latest count as over 540 million.
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The AI hype is real, and based on their latest earnings reports, all of the multibillion-dollar behemoths of tech sector are going all in.
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(Bloomberg) -- Japan is leaving China behind as Asia’s two largest stock markets compete for investor capital, with the latter’s prospects clouded by long-running concerns about economic growth and geopolitical tensions with the West.Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveBerkshire Operating Earnings Jump on Insurance StrengthProsecutors Alert Judge to Trump’s ‘Coming After You!’ PostThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal Team
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Elon Musk is bezig het merk Twitter uit te wissen. Hij vervangt het beetje bij beetje in X, een app waarmee alles kan: van berichten sturen tot geld overmaken. Dat doet denken aan het Chinese WeChat. Wat kunnen we verwachten?
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min )
Duitsland moet het aantal openbare oplaadpunten voor elektrische auto's drastisch verhogen om de verkoop van stekkerwagens bij te benen. Die oproep deed de Duitse vereniging voor de auto-industrie dit weekend.
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Buurtwinkels in ons land staan zwaar onder druk en verdwijnen steeds vaker uit het straatbeeld. Vooral kleine ondernemers in dorpen en kleine gemeenten moeten noodgedwongen hun deuren sluiten. In de afgelopen vier jaar ging het om honderden winkels.
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Reizen met de trein wordt steeds populairder, vooral onder mensen die klimaatvriendelijk op vakantie willen. Waar moet je op letten als je zo'n treinreis gaat boeken?
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min )
Buurtwinkels in ons land staan zwaar onder druk en verdwijnen steeds vaker uit het straatbeeld. Vooral kleine ondernemers in dorpen en kleine gemeenten moeten noodgedwongen hun deuren sluiten. In de afgelopen vier jaar ging het om honderden winkels.
( 5
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The College Level Examination Program enables students to earn college credit for introductory-level courses through self-study and proctored or remote testing.
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Income-based repayment plans and forgiveness for public service employees can help you erase student debt.
( 36
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In the business and finance industries, “B-School” is an abbreviated term for programs at colleges and universities specializing in business subjects.
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Vandalism and malicious mischief insurance is a type of insurance coverage that protects against losses sustained as a result of vandals.
( 21
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Is work experience or education more important for getting a good job? It depends on the field, but more education generally means more income.
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CD beneficiaries inherit account balances when the account owner passes away. Learn what rules apply to CD beneficiaries.
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Return on equity (ROE) vs. return on capital (ROC) are two distinctly different formulas, as one includes only combined profit while the other considers debt.
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min )
Casualty insurance is a broad category of coverage against loss of property, damage or other liabilities. This includes workers' compensation.
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Investing according to the rule of 72 is a good starting point for achieving your saving goals.
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The graduate management admission test is an examination many business schools use to assess an applicant's aptitude in business reasoning and decision-making.
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Find out which stocks are the largest positions in Warren Buffett's portfolio.
( 25
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If you rent, you still need insurance for personal property and if anyone is injured at your place. It even covers losses when you travel.
( 21
min )
Warren Buffett's Berkshire Hathaway reported net income of $35.91 billion for the second quarter, boosted by stock holdings such as Apple.
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Discover what Warren Buffett's investment stance is toward gold and silver, why he likes one of them a lot and the other one not at all.
( 18
min )
Defaults on student loans happen all the time and they can have substantial consequences on a borrower's financial future, but legislation pends to help out.
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Parents want their kids to get a good education, but whether a private school is worth it depends on its cost, your child's aptitudes, and many other factors.
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min )
Some countries in Europe, such as Norway, Finland, and Germany, provide free or low-cost university education for all students.
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Reality star Kylie Jenner just launched her own line of Bratz dolls. Jenner has a net worth of $680 million as of August 2023, thanks to her successful makeup brand, Kylie Cosmetics.
( 19
min )
Would you rather lend money to the United States, or New Zealand? Going by credit rating alone, that could be a tossup, after Fitch Ratings downgraded its assessment of the U.S. on Tuesday.
( 19
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Learn the basic lingo of bonds to unveil familiar market dynamics and open to the door to becoming a competent bond investor.
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In a first-loss policy, the insured agrees to take less than full value for damaged property in return for not being penalized for under-insuring the property.
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Best's Capital Adequacy Relativity (BCAR) is a rating of an insurance company’s balance sheet strength. It examines an insurer’s leverage, underwriting activities, and financial performance.
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Additional living expense insurance covers additional costs of living incurred by a policyholder who is temporarily displaced from their place of residence.
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Though paid family and medical leave policies can provide needed financial support, each state determines how they work and what they actually entail.
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The Iraqi dinar is a hot investment—but is it a wise one?
( 23
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Avoid these common pitfalls if you're considering investing in rental property.
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The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business.
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Renters insurance is property insurance that covers a policyholder’s belongings, liability, and possibly living expenses in case of a loss event.
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Buffett's company sold a net $8 billion of stocks and only spent $1.4 billion on buybacks last quarter, meaning its cash pile swelled to $147 billion.
( 31
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(Bloomberg) -- Bond traders who just navigated their rockiest stretch in months will get little respite in the days ahead, which bring the biggest Treasury refunding slate since last year and a pivotal inflation reading.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamBerkshire Operating Earnings Jump on Insurance StrengthMallorca’s Pr
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min )
(Bloomberg) -- During periods of turmoil, gold tends to make headlines as fans of the precious metal argue it can act as a safe haven. But is it also an inflation hedge? Is it considered a risk asset? Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American BuyersBerkshire Operating Earn
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Find out which stocks are the largest positions in Warren Buffett's portfolio.
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Warren Buffett's Berkshire Hathaway reported net income of $35.91 billion for the second quarter, boosted by stock holdings such as Apple.
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Bowman said she supported the Fed's quarter-point increase in interest rates last month, given still-high inflation, strong consumer spending, a rebound in the housing market and a labor market that is helping to feed higher prices. "I also expect that additional rate increases will likely be needed to get inflation on a path down to the FOMC’s 2 percent target," she said in remarks prepared for delivery to the Kansas Bankers Association, referring to the Fed's rate-setting panel, the Federal Open Market Committee.
( 30
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(Bloomberg) -- Saudi Arabia raised nearly all oil prices for September to Asia and Europe as supply restrictions and rising demand tightens the crude market.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamBerkshire Operating Earnings Jump on Insurance StrengthMallorca’s Prime Housing Market Gets Boost From American BuyersState-owned S
( 31
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Many other public companies release their earnings results during the trading week.
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Wall Street seems to be recognizing that Apple, America's most valuable enterprise, is dangerously overpriced.
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For many students, managing finances is new, and they’re prone to make all sorts of mistakes.
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Canada plans to impose a digital-services tax at the start of 2024, even as other countries agree to delay global tech tax accord until 2025.
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Newer industry players are cutting jobs, trimming spending and reining in plans.
( 26
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Berkshire Hathaway on Saturday posted its highest-ever quarterly operating profit, bolstered by improved results in its insurance businesses, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss.
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Fitch Ratings’ decision to strip the U.S. of its AAA credit rating was triggered by outsize U.S. borrowing. A dose of “financial repression” might be the cure.
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Quarterly earnings rose for Warren Buffett’s holding company and most of its underlying businesses.
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Toyota, the world's top-selling automaker, nearly doubled its operating profit from a year earlier as better pricing, productivity gains, and supply-chain improvements boosted sales.
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Investors are pushing Tupperware, Yellow and Rite Aid higher
( 27
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Would you rather lend money to the United States, or New Zealand? Going by credit rating alone, that could be a tossup, after Fitch Ratings downgraded its assessment of the U.S. on Tuesday.
( 19
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India said on Friday it would defer the imposition of a licensing requirement for imports of laptops, tablets and personal computers by three months - partially reversing the surprise decision it announced a day earlier. While India has not said the new requirement is aimed at China, more than half of its roughly $10 billion in annual imports of personal computers and tablets are Chinese-made. Several Indian government officials, who asked not to be named, said the licensing measure aimed to address a trade imbalance with China.
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Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment."
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Bonds of Country Garden, China’s largest developer by contracted sales, have been in free fall.
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The Iraqi dinar is a hot investment—but is it a wise one?
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De bekende Amerikaanse belegger Warren Buffett heeft in het tweede kwartaal een forse winst in de boeken kunnen zetten bij zijn investeringsvehikel Berkshire Hathaway. Onder de streep hield het bedrijf zo'n 36 miljard dollar over.
( 4
min )
Elon Musk is bezig het merk Twitter uit te wissen. Hij vervangt het beetje bij beetje in X, een app waarmee alles kan: van berichten sturen tot geld overmaken. Dat doet denken aan het Chinese WeChat. Wat kunnen we verwachten?
( 5
min )
De klokkenluider die de Panama Papers in 2016 lekte aan de Süddeutsche Zeitung eist 14,5 miljoen euro van de Duitse politie. De Duitse politie zou namelijk een beloning van miljoenen euro's hebben bemiddeld voor de klokkenluider.
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min )
iPhone-producent Foxconn, een van 's werelds grootste elektronicafabrikanten, voorspelt dat de verkopen in de komende maanden zullen aantrekken na de dip in de eerste helft van dit jaar. Dat lijkt een gunstig teken voor Apple, waarvoor Foxconn veel apparatuur maakt.
( 3
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Griekse staatsobligaties zijn weer interessant om in te investeren. Tot die slotsom is de Europese kredietbeoordelaar Scope Ratings gekomen. Het gaat om een teken dat Griekenland zijn overheidsfinanciën jaren na de eurocrisis eindelijk weer op orde lijkt te hebben.
( 4
min )
NASA heeft weer contact gekregen met de Voyager 2, de ruimtesonde die zich op 19,9 miljard kilometer van de aarde bevindt. Het contact met de in 1977 gelanceerde Voyager 2 was even verdwenen door een foutje van de vluchtleiding.
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min )
Een grote Amerikaanse mededingingsrechtszaak tegen Google wordt dunner dan aanklagers voor ogen hadden. Een rechter heeft verschillende beschuldigingen geschrapt, omdat niet voldoende aangetoond is dat de zoekresultaten van Google schade toebrengen aan rivalen.
( 4
min )
Wie de komende weken nog op vakantie wil moet niet kieskeurig zijn. Lastminutebestemmingen zijn door het slechte Nederlandse weer zo in trek, dat veel vluchten naar populaire bestemmingen en hotels vol zitten.
( 4
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In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: het grote laadplein dat een uitstootvrije bouwplaats mogelijk maakt, zonder files op het stroomnet te creëren.
( 4
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: het grote laadplein dat een uitstootvrije bouwplaats mogelijk maakt, zonder files op het stroomnet te creëren.
( 4
min )
Wie deze zomer met de auto op vakantie gaat, doet er goed aan om in het buitenland te tanken. Maar in welk land ben je het goedkoopst uit?
( 4
min )
Perform a thorough checkup to uncover a medical stock with a clean bill of health.
( 24
min )
Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.
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min )
An automatic premium loan is an insurance policy provision that lets an insurer deduct an outstanding premium from the cash value of a policy.
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min )
The S&P 500 fell 0.5% on Friday, Aug. 4, 2023, after the Labor Department's latest jobs report showed the pace of hiring slowed.
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min )
Sovereign bond yield is the interest rate paid to the buyer of the bond by the government, or sovereign entity, issuing that debt instrument.
( 21
min )
Education and training benefit not only the worker but also the employer and the country as a whole.
( 31
min )
Which type of brokerage you choose depends on your needs and preferences. Find out the benefits of human, self-directed, and robo-advisors.
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min )
Find out which four degrees oil companies want to see on the resumes of new hires, and find out why the industry still pursues these graduates.
( 20
min )
Regardless of whether a shareholder loses their stock certificate, that person still owns the shares.
( 19
min )
The student loan forgiveness program is dead, given the Supreme Court ruling against it. You may have other options for relief, including some brand-new ones.
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min )
Shares of Icahn Enterprises tumbled after the investment firm cut its dividend in half in the wake of criticism from Hindenburg Research.
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min )
Only the biggest foreign investors may buy Saudi stocks directly. Non-billionaires can find exchange-traded funds that focus on Mideast investments.
( 19
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U.S. equities were higher at midday on Friday, Aug. 4, 2023 on the back of strong earnings reports, while a cooler-than-expected July jobs report raised optimism the Fed could ease back on its campaign of rate hikes to cool inflation.
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min )
The Kelley Blue Book is the most popular used-car buying guide. Here’s a look at just how trustworthy it is – plus a comparison with the competition.
( 22
min )
Despite their name, junk bonds can be profitable for informed investors, but their higher returns come with higher risks.
( 24
min )
The Energy Department recently canceled a planned purchase of 6 million barrels of crude oil for the nation's Strategic Petroleum Reserve (SPR) amid high oil prices.
( 18
min )
Socially responsible and ESG investing are gaining traction, especially with younger investors who also may be attracted to the technologically-focused investment platforms that robo-advisors provide.
( 25
min )
Mortgage rates jumped higher, with the 30-year average rising for a third day and 15-year rates reaching a four-week high. Meanwhile, the 30-year refi average dipped.
( 20
min )
Find out why this type of funding is so controversial and where it has gone wrong in the past.
( 23
min )
Toyota, GAC-Toyota, and Pony.ai will invest $140 million to manufacture a fleet of driverless taxis in China.
( 16
min )
Understanding the factors behind Treasury yields and interest rates is crucial for an investor.
( 27
min )
Halfway through a economically confusing and, at times, turbulent 2023, many investors are questioning how they should proceed with their investment strategy
( 17
min )
The uninsured rate fell to 7.7% in the first quarter of 2023, down from 8.3% in the last quarter of 2022. However, a pandemic-era rule expiration means that 3.9 people may have lost Medicaid coverage since April, possibly driving the uninsured rate back up.
( 18
min )
Amazon shares jumped after the company reported stronger than expected earnings, with robust ad revenue helping to offset slower growth in cloud.
( 17
min )
Apple reported better-than-expected services revenue in Q3 2023, helping boost net income even as falling iPhone sales led to a third straight quarter of net product revenue declines.
( 19
min )
What you need to know to keep those baubles, bangles, and beads safe.
( 20
min )
Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. Learn how it works.
( 25
min )
Learn about the process, laws, and guidelines of real estate agents paying other agents for referrals, and how brokers and licenses are involved.
( 21
min )
A book runner is the main underwriter or lead manager when an investment bank issues new equity, debt, or securities instruments. Learn what the role entails.
( 21
min )
Private mortgage insurance (PMI) can be avoided by with a down payment of 20% or more or ended early by building up a 20% equity stake in a home.
( 24
min )
Don’t look for lower inflation or interest-rate cuts anytime soon. Instead, higher bond yields probably are in the offing.
( 26
min )
Strategists have been rushing to catch up with the market, but stocks had other things in mind.
( 26
min )
A warning about slowing sales sent Fortinet's stock spiraling lower Friday.
( 11
min )
Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.
( 20
min )
(Bloomberg) -- The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenSouth Africa Spurns US Pressure to Stop Using Chi
( 32
min )
California has America's most expensive gas at around $5.00 a gallon. The cheapest is in Mississippi at $3.32 a gallon.
( 31
min )
Analysts at Evercore downgraded the stock to the equivalent of Hold because of Intensifying competition and declines in operating margins.
( 26
min )
A U.S. judge has rejected former Allianz fund manager Gregoire Tournant's bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S. District Judge Laura Taylor Swain in Manhattan federal court denied Tournant's motion to dismiss the five-count indictment, which also includes an obstruction charge. Tournant has pleaded not guilty.
( 31
min )
Newer investors sometimes struggle to understand the difference between earnings per share (EPS), funds from operations (FFO) and revenue in the context of real estate investment trusts (REITs). Revenue represents the total amount of money that a company generates from sales, rents or other sources. Earnings per share refers to the company's profitability after deducting all expenses from its revenue. Higher revenue does not guarantee significant profitability if expenses are also high. Converse
( 32
min )
The company's assets have attracted the interest of a potential financial bidder, the report said adding that the bankruptcy filing could turn into a liquidation. Yellow did not immediately respond to a Reuters request for comment. The cash-strapped U.S. trucking company had ceased operations and was planning to file for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday.
( 31
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Shares of Icahn Enterprises tumbled after the investment firm cut its dividend in half in the wake of criticism from Hindenburg Research.
( 18
min )
For the first time in 72 years, Oregon motorists can grab a fuel nozzle and pump gas into their cars on their own, since a decades-old ban on self-serve gas stations has been revoked. Gov. Tina Kotek signed a bill on Friday allowing people across the state to choose between having an attendant pump gas or doing it themselves. “I’ve spent a lot of time in California,” Cooper said.
( 35
min )
Fortinet isn't having a good day. And the information-technology giant is pulling other stocks down alongside its own.
Shares in the cybersecurity company plunged some 25%, making it easily the worst-performing stock in the S&P 500, according to Dow Jones Market Data. The decline wiped out much of
( 23
min )
Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha
( 31
min )
It’s clear now that we saw the market bottom out last October. The S&P 500 is up about 1,000 points, or ~27%, from that trough. The question for investors now is, what happens next? Mike Wilson, the well-known strategist from Morgan Stanley, has a reputation as an uber-bear, but he’s pulling back from that in a recent note. “The data we have today suggests to us that we are in a policy-driven, late-cycle rally,” Wilson says. He goes on to note several supportive factors, including a reduced rate
( 35
min )
Apple achieved a major milestone, with 1 billion subscribers to its services business. But instead of taking a victory lap, Apple is watching its stock get pummeled.
( 32
min )
Months into the fallout from a damning short-selling report, shares for corporate raider and activist investor Carl Icahn's conglomerate Icahn Enterprises plunged Friday after the firm halved its quarterly dividend. In sharing second-quarter financial results on Friday, Icahn Enterprises declared a distribution of $1 per depositary unit, representing a 12% annualized yield. Following the announcement, IEP stock fell about 30% Friday morning.
( 31
min )
Shares of Tupperware surged on Friday after the company announced a debt restructuring agreement.
The stock was recently up about 40%. The jump accented a wild week of trading in shares of the distressed com
( 22
min )
(Bloomberg) -- Carl Icahn’s fortune fell $2.7 billion Friday after the activist investor made corporate changes in tacit response to a short seller’s scathing report published three months ago.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapStocks Rise, Bond Yields Fall After Mixed Jobs: Mark
( 31
min )
A multi-billion dollar company is closing its manufacturing facility in Durham and shifting operations to Georgia.
( 9
min )
Tesla hasn't had a very good week. Investors could be looking at a bounce if a couple of things go right.
( 27
min )
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The Energy Department recently canceled a planned purchase of 6 million barrels of crude oil for the nation's Strategic Petroleum Reserve (SPR) amid high oil prices.
( 19
min )
There's "obviously a mismatch" between Anheuser-Busch's market value and their employee numbers, Anson Frericks says while predicting more layoffs are coming.
( 32
min )
Despite its strong start to the year, the drugmaker’s report on Tuesday should lift shares even further.
( 26
min )
The departure of Western brands from Russia following Vladimir Putin’s invasion of Ukraine was supposed to change daily life in Moscow. Instead, it has triggered a proliferation of doppelgangers.
( 34
min )
Apple downgraded, Amazon upgraded: Wall Street's top analyst calls
( 32
min )
The start-up named a new CEO, released earnings, and got investors to agree to a key shareholder proposal.
( 26
min )
Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.
( 35
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Retirees face sizable out-of-pocket costs for premiums, copays and uncovered services. One way to gauge this burden is to look at how much these medical costs eat into their Social Security benefits and other income. Here's a look at how … Continue reading → The post How Much Retirement Income You'll Have After Paying Medical Expenses appeared first on SmartAsset Blog.
( 32
min )
Not many people would pass up the opportunity to retire early. In fact, there's an entire movement built around the idea of early retirement – Financial Independence, Retire Early (FIRE). Need help planning for retirement? Consider working with a fiduciary … Continue reading → The post Early Retirement Can Create a Financial Crisis appeared first on SmartAsset Blog.
( 32
min )
I'm afraid of the stock market. With my first investment, I lost 60% of my money. So I'm strictly into bonds. With interest rates low, what's your advice? Should I stay or try something else? -Jerold It's reasonable to be … Continue reading → The post Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With? appeared first on SmartAsset Blog.
( 33
min )
The U.S. economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in labor market conditions. There are broad indicators that the labor market is cooling.
( 30
min )
The company posts a second-quarter loss of 72 cents a share, wider than the year-earlier loss of 41 cents.
( 26
min )
Icahn Enterprises on Friday said it would cut its dividend payout months after short seller Hindenburg Research accused the investment firm of operating a "Ponzi-like" structure to pay dividends. The investment firm, owned by Carl Icahn, said it would distribute $1 per depositary unit to its investors, lower than its usual quarterly dividend of $2 per unit. Shares of Icahn Enterprises fell 24% in premarket trading.
( 30
min )
(Bloomberg) -- Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the South Asian country abruptly banned inbound shipments without a license.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s
( 31
min )
After Apple's third consecutive quarter of declining revenue, some Wall Street analysts say its valuation is looking stretched.
( 26
min )
EV start-up Fisker reported second-quarter sales of less than $1 million. Wall Street was looking for close to $50 million.
( 26
min )
Chief Financial Officer Keith Jensen says an 'unusually large volume of deals' expected to close in June were pushed out to future quarters instead.
( 26
min )
Congress could soon change how spouses access their retirement accounts. A pair of Democratic bills recently introduced in the House and Senate would require spouses to consent before either one can make any withdrawals from their 401(k) accounts. The bills, sponsored by Rep. Lauren Underwood, D-Illinois, and Sen. Tammy Baldwin, D-Wisconsin, seek to amend the […] The post Spouses May Soon Need to Agree on 401(k) Withdrawals Under This Proposed Law appeared first on SmartReads by SmartAsset.
( 31
min )
Major property insurance companies are reducing coverage in a number of states or leaving them altogether as losses mount, and consumers are seeing their coverage yanked.
( 33
min )
Tupperware said on Thursday it had struck an agreement with its lenders which will help reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Widely recognized for its bright-colored plastic airtight containers, the company had recently caught retail traders' attention, which has helped drive a more than 449% share surge over the past three weeks. Tupperware was the fourth most touted stock on investors-focused social media, stocktwits.com on Friday.
( 31
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(Bloomberg) -- Petroleo Brasileiro SA slashed politically contentious dividends after profits declined and the Brazilian oil major set a more conservative policy for shareholder payouts. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsApple Surprises in China, Sets India High During Sales Slu
( 31
min )
One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up running out of money. While there's no real consensus on a safe withdrawal rate, a recent report from Edward […] The post How Much Should I Withdraw From My Retirement Account? Edward Jones Says Start With These Percentages appeared first on SmartReads by SmartAsset.
( 32
min )
Apple sales fall 1% in the fiscal third quarter and the iPhone giant says it expects a similar performance in the current period, Amazon beats earnings expectations and issues better-than-expected guidance, and Booking Holding sees a record summer travel season.
( 27
min )
Shares of the sports betting company surge after DraftKings posts second-quarter revenue that beat expectations.
( 26
min )
Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.
( 32
min )
(Bloomberg) -- The Treasury yield curve has steepened this week, but the shift is unnerving investors as it comes through a painful selloff in longer bonds rather than the rally in shorter debt most expected.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s Call to Save Xi’s
( 32
min )
(Bloomberg) -- Apple Inc. grew revenue in China a surprisingly strong 8% while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world’s most valuable company.Most Read from BloombergQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’The Strange Story Behind ‘Baldur’s Gate 3,’ One of the Year’s Biggest ReleasesFit
( 32
min )
Will it happen or not? That is the question economy observers have been grappling with over the past year regarding the prospect of a looming recession. But while not long ago the consensus was that one was all but inevitable – and a full-blown recession at that – the tune has changed more recently. Factoring in the resilient economy and the hasty retreat of prior alarming inflation levels, many financial experts now think that if a recession does materialize, it will be of the mild variety. One
( 34
min )
The United Auto Workers union is pressing for the substantial wage increase for factory workers at GM, Ford and Stellantis.
( 27
min )
NASA heeft weer contact gekregen met de Voyager 2, de ruimtesonde die zich op 19,9 miljard kilometer van de aarde bevindt. Het contact met de in 1977 gelanceerde Voyager 2 was even verdwenen door een foutje van de vluchtleiding.
( 4
min )
Meerdere partijen hebben de afgelopen tijd interesse getoond in VanMoof. Dat melden de curatoren van het failliete fietsenmerk. Zij willen volgende week meer duidelijkheid geven over een eventuele doorstart.
( 4
min )
Veel kantoormedewerkers weten het gevoelsmatig misschien al: in de middag zijn zij vaak minder productief dan aan het begin van de dag. Helemaal op vrijdag. Onderzoekers vinden nu bewijs voor dit fenomeen in een Texaans kantoor.
( 5
min )
Nederland schort de "directe samenwerking" met Niger op. Steun aan ontwikkelings- en veiligheidsprojecten die via de landelijke overheid loopt, wordt stopgezet. In het Afrikaanse land werd vorige week een staatsgreep gepleegd.
( 4
min )
De voedselprijzen zijn wereldwijd voor het eerst in drie maanden gestegen. De prijzen zijn in juli met 1,3 procent opgelopen.
( 3
min )
De online verpakkingsvrije supermarkt Pieter Pot heeft in twee weken tijd 335.000 euro opgehaald bij haar klanten. Met het geld wil het bedrijf het vertrouwen van leveranciers terugwinnen en de schappen bijvullen.
( 4
min )
Consumenten moeten oppassen als ze willen shoppen bij webwinkel Femme-Boutique. Toezichthouder ACM, de politie en de Consumentenbond ontvingen al tientallen klachten over de webshop, meldt ACM.
( 3
min )
Fabrieken in Duitsland hebben in juni onverwacht veel meer bestellingen binnengekregen. Dat is een teken dat de grootste economie van Europa stabieler wordt.
( 3
min )
De Deense containerrederij en vrachtvervoerder A.P. Møller-Maersk verwacht dat het wereldwijde containervolume dit jaar sterker zal dalen dan eerder gedacht. Het bedrijf rekent op een krimp van wel 4 procent.
( 3
min )
De winst van Booking.com en Airbnb is in het tweede kwartaal harder gestegen dan het aantal geboekte nachten. Hogere prijzen op de reisplatforms zorgden voor meer geld in het laatje.
( 3
min )
Apple verkocht het afgelopen kwartaal minder iPhones, Macs en iPads. Daardoor daalde de totale omzet van het bedrijf voor het derde kwartaal op rij. Een lichtpuntje voor Apple was de verkoop van digitale producten, zoals abonnementen op Apple Music en iCloud.
( 4
min )
Het gemiddelde bedrag waarvoor mensen een hypotheek afsloten steeg in juli voor het eerst sinds ruim een jaar. Door de hogere lonen kunnen mensen meer geld lenen.
( 4
min )
197.000 Nederlanders hebben tussen 1 maart en 1 mei verzuimd aangifte inkomstenbelasting te doen. Dat zijn er twee keer zoveel als vorig jaar. De Belastingdienst probeert ze er via brieven, sms'jes en telefoontjes toch aan te herinneren, voordat een boete volgt.
( 6
min )
197.000 Nederlanders hebben tussen 1 maart en 1 mei verzuimd aangifte inkomstenbelasting te doen. Dat zijn er twee keer zoveel als vorig jaar. De Belastingdienst probeert ze er via brieven, sms'jes en telefoontjes toch aan te herinneren, voordat een boete volgt.
( 6
min )
Investors are constantly looking for ways to generate solid returns, after all, that is the whole point of investing. Achieving that goal is easier said than done, however. As with anything, if it were really simple, investors would only have success stories to tell. That said, there are ways to gain an edge in the market, and one common route is to keep track of insiders’ actions. Insiders are the high-level company officers, Board members, CFOs and COOs, up to CEOs, whose positions give them a
( 35
min )
(Bloomberg) -- Apple Inc. posted its third straight quarter of declining sales and predicted a similar performance in the current period, hurt by an industrywide slump that has sapped demand for phones, computers and tablets.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’China Official’s Call to Save Xi’s City Angers Flood VictimsThe Strange Story
( 34
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(Bloomberg) -- In 2022 it was “Schwinger,” or traditional Swiss wrestlers, that were the star attraction. This year it was youth groups. Every Aug. 1 since 1891, patriotic Swiss have gathered on an Alpine meadow overlooking Lake Lucerne to commemorate a rebellion in 1291 that was the foundation of “modern” Switzerland. This is a country that likes tradition. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings:
( 38
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Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote in favor of so-called Proposal 2, saying its ability to continue as a going concern would be "out of reach" without the additional shares. "This positive outcome, particularly with respect to Proposal 2, was critical for continued growth and success as we move forward with our strategic priorities," CEO Michael Lohscheller said in a statement.
( 31
min )
The agreement will help the company to reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Known for its plastic airtight storage containers and bowls, Tupperware has seen a sharp drop in demand recently as consumers limit discretionary purchases amid higher prices and fears of recession. The company had on April 7 raised doubt about its ability to continue as going concern after failing to improve its business for about three years.
( 31
min )
Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote in favor of so-called Proposal 2, saying its ability to continue as a going concern would be "out of reach" without the additional shares.
( 30
min )
Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a time during which the iPhone maker became the first publicly held company in the U.S. to be valued at $3 trillion. The results released Thursday covered April through June, the third consecutive quarter that Apple has posted a year-over-year decline in revenue. Apple's stock declined by about 1% in extended trading after the numbers came out.
( 30
min )
For the past few quarters, the lifting of pandemic curbs has fueled domestic and international travel in a boost to hotel operators such as Marriott International and Hilton Worldwide Holdings. Room nights booked for the quarter ended June rose 9% from last year, Booking said. Gross travel bookings, which refers to the total dollar value of all the travel services booked by customers, jumped 15%.
( 31
min )
Apple’s fiscal third quarter results are out. The tech giant booked less revenue than a year ago from its signature products, while its services business did better.
Here is a roundup of how each major product segment fared:
iPhone revenue of $39.7 billion, down 2.4% from a year ago, and below a
( 22
min )
While second-quarter revenue met estimates, cloud firm Digital Ocean said customer spending continues to tighten. Meanwhile, it will restate first-quarter results for accounting errors.
( 26
min )
Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high.
( 27
min )
Coinbase reported a sixth straight quarterly loss Thursday as regulatory risks and lower trading volumes continued to weigh on the company.
The loss wasn't as bad as analysts expected, and the company's stock rose in after-hours trading before giving up those gains.
The biggest U.S. cryptocurren
( 22
min )
Apple on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales, with its signature device's performance in China helping the company navigate a global decline in the smartphone market. Apple said sales for the fiscal third quarter ended July 1 fell 1.4% to $81.8 billion and earnings per share rose 5% to $1.26. IPhone sales slightly missed analyst estimates, but were made up for by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year.
( 32
min )
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Today's best CD rate is 5.75% APY, offered by both Andrews Federal Credit Union and Citizens State Bank. We track CD rates every morning to bring you the top options.
( 19
min )
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Today's CDs are paying record rates, offering their highest returns in at least 16 years. But will banks and credit unions push rates even higher in August?
( 19
min )
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
( 32
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Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.
( 19
min )
PayPal is finding few friends in the market these days.
The payments giant topped consensus analyst forecasts in its second-quarter report on Wednesday on total payment volume, net revenue and net income, according to Visible Alpha. But the stock is sinking fast on Thursday, down by nearly 11%, era
( 24
min )
“Americans have always been waiting for the other shoe to drop.”
( 32
min )
MicroStrategy (MSTR) CEO Michael Saylor said his software company will continue to be the go-to company for investors to gain exposure to bitcoin (BTC) without directly buying it, even if a spot bitcoin exchange-traded fund (ETF) is rolled out.
( 31
min )
It was all ... Yellow.
Shares of the trucking company, which is expected to file for bankruptcy after saying over the weekend that it was [shutting down operations,](https://www.wsj.com/articles/the-fall-of-a-trucking-giant-why-yellow-is-on-the-verge-o
( 22
min )
The content delivery network provider sees better-than-forecast growth and raises its full-year revenue outlook.
( 26
min )
Elon Musk’s Tesla is facing a legal battle with drivers over claims the company falsely advertised how many miles its electric cars can travel on a full battery.
( 32
min )
Wall Street analysts say Qualcomm faces prolonged smartphone weakness but differ on how its diversification plans are shaping up.
( 26
min )
(Bloomberg) -- PayPal Holdings Inc. shares slumped after the payments giant said a key measure of profits shrank in the second quarter as the company had to set aside more money to cover souring loans it has made to merchants. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere
( 32
min )
Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.
( 41
min )
When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
( 41
min )
Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or "fun," but what income is considered to make you rich? The answer can depend on several factors, including where you … Continue reading → The post What Income Level Is Considered Rich? appeared first on SmartAsset Blog.
( 42
min )
The markets have been hot these past six months. The pace of inflation is cooling off, the Federal Reserve is expected to dial back its own pace of interest rate hikes, tech stocks are booming on the strength of AI, and in all, the S&P gave five consecutive months of gains through the end of July. But did we just see a black swan? Fitch cut the US government’s credit rating yesterday, from AAA to AA+, saying that the Federal government’s fiscal situation is likely to deteriorate significantly ov
( 34
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A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.
( 40
min )
Online furniture retailer Wayfair surprised by posting adjusted earnings in the second quarter, while Wall Street had expected a loss.
( 26
min )
Johnson & Johnson is allowing shareholders to swap for shares of Kenvue, which has brands like Tylenol, at a discount.
( 26
min )
The e-commerce software company expects faster revenue growth than Wall Street analysts had penciled in.
( 26
min )
“There are some things that people shouldn’t worry about and this is one,” he said.
( 26
min )
Mizuho analysts see a $350 billion to $400 billion total addressable market opportunity in student loan refinancing for the fintech.
( 26
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Shares of Tupperware, Rite Aid and trucking giant Yellow have been on a wild ride.
The eye-popping swings in recent days are reminiscent of the meme-stock craze during the pandemic that turned [GameStop into an unlikely stock-market star](https://www.wsj.com/articles/keith-gill-drove-the-gamestop-r
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The online furniture retailer posted adjusted earnings of 21 cents a share for its second quarter. Wall Street had forecast a loss of 73 cents.
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Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand.
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(Bloomberg) -- It’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere Are the 78 Charges Trump Now Faces, and All the Prison Time“Berkshire bought $10 billion in US Treasuries l
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Anheuser-Busch Inbev reported a drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a campaign with transgender influencer Dylan Mulvaney. The world's largest brewer said Thursday that revenue in the United States declined by 10.5% in the April-to-June period from a year earlier, “primarily due to the volume decline of Bud Light.” It has lost its place as America’s best-selling beer after more than two decades, slipping into second place in June behind Mexican lager Modelo Especial, which is also owned by the Belgium-based ABInBev.
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Moderna Inc on Thursday raised its annual forecast for COVID-19 vaccine sales to up to $8 billion on hopes of a boost in the fall season as sales move to a private market in the United States from government contracts. Sales of COVID-19 products have slumped after bumper growth during the peak of the pandemic. Moderna expects $6 billion to $8 billion in sales from its COVID shots this year, up from its previous forecast of $5 billion, driven by potential U.S. demand for 50 to 100 million doses in the fall season.
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AB InBev earnings beat expectations despite boycott denting Bud Light sales, American Airlines is talking to Airbus and Boeing about ordering more jets, and other news to start your day.
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Qualcomm issues a revenue forecast below analysts' expectations, PayPal's results disappoint, and trading activity at Robinhood falls. Apple and Amazon are scheduled to report earnings after the closing bell Thursday.
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The company reported an adjusted operating margin of 21.4% for the three months ended June 30, below estimates of 22%, according to Refinitiv IBES data. "This was another disappointing earnings report from PayPal," Edward Jones analyst Logan Purk said. "This will fuel investor's bearish outlook that PayPal's focus on its largest customers will result in lower overall profitability."
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The largest residential solar developer in the U.S. reported good numbers. But it’s not quite the ray of sunshine for the sector investors might think.
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Anheuser Busch InBev reported underlying earnings of 72 cents a share for the second quarter, beating expectations despite a fall in U.S. revenue.
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The owner of Bud Light has revealed a steep drop in US sales after the beer’s collaboration with a transgender social media influencer sparked a backlash.
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(Bloomberg) -- Shares in Asia fell for a third day, following losses on Wall Street, while Treasuries extended a selloff as investors digested better-than-expected US labor-market data and prepared for a rush of US government bond issuance next week.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With W
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Aero-engineer Rolls-Royce reported underlying operating profit of 673 million pounds ($855 million) in its first half, more than five times the level of a year ago, led by a large improvement in its civil aerospace margin. The British company upgraded its full-year profit forecast last month to 1.2-1.4 billion pounds ($1.6-1.8 billion) from its previous guidance of 800 million-1 billion pounds. The market had been forecasting 934 million pounds.
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NEW DELHI (Reuters) -India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year.
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The exchange is struggling because last year's plunge in cryptocurrencies has discouraged people from trading, hitting its most important source of revenue.
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The company reports earnings Thursday. The key will almost certainly be the outlook for Amazon Web Services, its cloud computing platform.
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Consensus estimates call for revenue to be down slightly from a year ago. But a legion of bullish analysts see better growth ahead.
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While its Covid-19 vaccine became one of the best-selling medicines of all time, clocking $18.4 billion in sales in 2022, Moderna has no other marketed products.
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Johnson & Johnson is allowing shareholders to swap for shares of Kenvue, which has brands like Tylenol, at a discount.
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The twin tech giants, which represent billions in consumer and business spending, will deliver highly-anticipated quarterly reports on Thursday.
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In the postpandemic economy, we are living more and working less.
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Such has been the unpredictable nature of the markets and the economy in 2023, that’s it’s hard to guess what’s coming next. For example, it should be remembered that at the start of the year and coming off the back of 2022’s merciless bear market, few had predicted the ensuing rally that has taken place since. Likewise, for the broader economy. Against a backdrop of soaring inflation and high interest rates, there were plenty of financial prognosticators warning of an impending vicious recessio
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Back-to-back letters of credit consist of two LOCs used in international transactions facilitated by a broker. Learn how they help remove the risk of a payment default.
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The S&P 500 fell 0.3% on Thursday, Aug. 3, 2023 after weaker-than-expected earnings reports from ecommerce, travel, and chip companies weighed on the index.
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The Higher Education Act of 1965 is a federal law that created financial assistance programs for post-secondary school students and strengthened educational resources.
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Expedia Group shares plummeted after the online travel site reported sales and bookings that missed forecasts. The company gave weaker-than-expected guidance as growth slowed.
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min )
Company-owned life insurance (COLI) is a type of policy that companies purchase to insure against the death of one or more employees.
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AB InBev sales in the U.S. plunged following the controversy over Dylan Mulvaney's promotion of Bud Light.
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Here’s a list of the top mutual funds, which pay regular dividends, for frequent income.
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Some electric car owners are now experiencing higher costs to power their vehicles than to fill up their gas-powered equivalents—if you calculate the costs a certain way.
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Shares of Regeneron jumped after the drug maker indicated it expects the FDA will soon approve a higher-dose version of its blockbuster drug to treat macular degeneration.
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A certificate of insurance (COI) is a nonnegotiable document issued by an insurance company or broker verifying the existence of an insurance policy. Learn how it works.
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The Hong Kong Stock Exchange is the seventh-largest in the world and easily accessible through ETFs.
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Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed no change in the overall median available rate. These are the current rates as of August 2023.
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Today's best CD rate is 5.75% APY, offered by both Andrews Federal Credit Union and Citizens State Bank. We track CD rates every morning to bring you the top options.
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Pareto efficiency is an economic state in which resources are allocated in the most efficient manner.
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Employment and payroll data is expected to remain stable Friday, but any surprises could roil the markets.
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Today's CDs are paying record rates, offering their highest returns in at least 16 years. But will banks and credit unions push rates even higher in August?
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Consumers with super-prime credit are considered to have excellent credit and pose the least risk to lenders and creditors.
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Indemnity insurance is an agreement wherein one party guarantees compensation for losses or damages incurred by another.
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Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
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Learn about the top index mutual funds with some of the lowest expense ratios.
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min )
The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.
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A reverse repurchase agreement is the purchase of securities with the agreement to sell them at a higher price at a specific future date.
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Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.
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Here's how countries use sovereign wealth funds to stabilize their economies, though these investments can lack transparency.
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Tesla is being sued for fraud after reports revealed the company has been knowingly inflating driving-range figures at the behest of CEO Elon Musk.
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TikTok dropshipping is a business model that uses the TikTok platform to generate sales by advertising products that are being offered through an online dropshipping store. Dropshipping lets people sell products from third party suppliers without being required to hold or ship inventory themselves.
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Five developed nations have no federally regulated minimum wage and may use unions to ensure workers are fairly paid.
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Both credit ratings and credit scores are designed to show potential lenders and creditors a borrower’s likelihood of repaying a debt.
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U.S. equities were mixed and little changed at midday on Thursday, Aug. 3, 2023, amid concerns about higher interest rates and the latest earnings reports.
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A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.
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Find out why bank stocks usually trade below book value and understand how trading activities increase a bank's risk exposure and affect its valuation.
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Deflation is a decrease in the price level of goods and services and the opposite of inflation when prices rise.
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Popular among investors and analysts, specific financial ratios help evaluate healthcare sector companies.
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Robinhood shares were sharply lower after the company posted mixed earnings, which included a Monthly Active User (MAU) drop.
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The U.S. debt grows every year. But how does national debt actually affect you?
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PayPal beat quarterly profit and sales estimates, but a drop in adjusted operating margin and money set aside to cover bad loans sent shares lower.
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Qualcomm shares tumbled after the cellphone chipmaker missed revenue estimates and warned about current quarter sales because of slowing demand for smartphones.
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Life insurance provides a financial safety net for your loved ones, but in certain situations, your policy might not pay out the death benefit.
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To boost local manufacturing and restrict imports from China, India has imposed licensing requirements that affect computer imports and impact Apple, Dell, and Samsung.
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Thirty-year mortgage rates edged higher while jumbo 30-year rates jumped to their highest mark since at least 2009. Refinancing rates on 30-year loans climbed for a fifth day.
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With its high yields and the ubiquity of iPhones, Apple's savings account has attracted over $10 billion in deposits since its launch in April.
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Joint tenancy is a legal arrangement in which two or more people own a property together, each with equal rights and obligations.
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Energy giant ConocoPhillips posted second-quarter profit and revenue that missed expectations, reflecting a pullback in oil prices from last year's highs and despite record production levels.
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Creditworthiness is a measure of the likelihood that you will default on your debt obligations. Lenders consider your creditworthiness when you apply for a loan.
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Funds transfer pricing (FTP) analyzes bank funding contributes to areas of strength and weakness within the bank.
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Understand the difference between sponsored American depositary receipts (ADRs) categorized within level I, II or III. Find out how investors can benefit.
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A lease option is an agreement that gives a renter the choice to purchase the rented property during or at the end of the rental period.
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A quitclaim deed releases a person’s interest in a property without stating the nature of the person’s interest or rights, and with no warranties of ownership.
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Saoedi-Arabië gaat de olieproductie nog een maand langer beperken. De olieprijzen stijgen al maanden doordat olieproducerende landen hun productie terugschroeven. En dat merken we aan de pomp.
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De brand op vrachtschip Fremantle Highway heeft geen financiële gevolgen voor Volkswagen. Volgens een woordvoerder is "een zeer klein deel" van de auto’s aan boord van een van de Volkswagen-merken, zoals Audi, Seat of Volkswagen zelf. En die zijn verzekerd.
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Na een Russische aanval op de Oekraïense havenstad Izmail is de prijs van graan weer gestegen. Oekraïne produceert veel graan, maar kan het door de oorlog lastig exporteren. Rusland trok zich onlangs terug uit de 'graandeal'. NU.nl-lezers vroegen zich af: is er echt geen alternatief?
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Nederlandse kersentelers beleven een dramatisch jaar door het koude en natte voorjaar. De oogsten zijn volgens telers de helft lager dan in 2022, met duurdere kersen tot gevolg. Inmiddels zijn er ook zorgen over bijvoorbeeld bessen en aardappelen.
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SNS Bank, ASN Bank en RegioBank verhogen hun spaarrentes. Dat doen ze in navolging van renteverhogingen van de Europese Centrale Bank (ECB) en andere grote banken als Rabobank, ABN AMRO en ING.
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Nederlandse kersentelers beleven een dramatisch jaar door het koude en natte voorjaar. De oogsten zijn volgens telers de helft lager dan in 2022, met duurdere kersen tot gevolg. Inmiddels zijn er ook zorgen over bijvoorbeeld bessen en aardappelen.
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In navolging van de Europese en Amerikaanse centrale bank heeft nu ook de Bank of England de rente verhoogd naar het hoogste niveau in jaren. De verhogingen zijn bedoeld om de inflatie te bestrijden.
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Met het slechte weer trekken vakantiegangers en dagjesmensen naar binnenzwembaden. De kaartjes voor zwembaden bij Center Parks-vakantieparken voor vandaag zijn bijna uitverkocht en die voor vrijdag raken ook op. Bij andere zwembaden blijven buitenbaden dicht.
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Een korte pinstoring zorgde er donderdag voor dat er bij kassa's door het hele land tijdelijk niet of nauwelijks gepind kon worden. Inmiddels zijn de problemen volgens Betaalvereniging Nederland verholpen.
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Een landelijke pinstoring veroorzaakt door het hele land problemen aan de kassa's. Mensen kunnen hun boodschappen mogelijk niet afrekenen met een pinpas en moeten met cashgeld betalen. Er wordt gewerkt aan een oplossing.
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Het Belgische bierconcern AB InBev kan opgelucht ademhalen. Het moederbedrijf van onder meer Budweiser werd het afgelopen kwartaal geteisterd door de inflatie en een boycot, maar maakte wereldwijd toch 7 procent meer omzet.
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De Turkse inflatie is in juli na acht maanden van daling weer gestegen. De prijzen in het land gingen met 47,8 procent omhoog ten opzichte van dezelfde maand vorig jaar.
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Nintendo maakte nog nooit zoveel winst als in het afgelopen kwartaal. Het Japanse bedrijf scoorde volop met The Super Mario Bros. Movie en het populaire spel The Legend of Zelda: Tears of the Kingdom.
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We kiezen steeds vaker voor een stroomcontract met Nederlandse groene stoom. Het gaat dan om een combinatiecontract met gas waarvan de CO2-uitstoot wordt gecompenseerd. Het afgelopen kwartaal werd dat 22 procent vaker aangevraagd dan een jaar terug, meldt prijsvergelijker PriceWise.
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Consumenten ondervinden meer hinder van de energietransitie. Het gebeurt bijvoorbeeld steeds vaker dat ze hun opgewekte zonnestroom kortstondig niet kunnen terugleveren aan het stroomnet.
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Chinese kinderen onder de achttien jaar mogen binnenkort mogelijk nog maar een paar uur per dag online op hun telefoons. De Chinese toezichthouder heeft daarvoor een voorstel ingediend. In China wordt de schermtijd van kinderen al jaren beperkt.
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We kiezen steeds vaker voor een stroomcontract met Nederlandse groene stoom. Het gaat dan om een combinatiecontract met gas waarvan de CO2-uitstoot wordt gecompenseerd. Het afgelopen kwartaal werd dat 22 procent vaker aangevraagd dan een jaar terug, meldt prijsvergelijker PriceWise.
( 3
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De Duitse luchtvaartmaatschappij Lufthansa verwacht dat de vraag naar vliegtickets ook de rest van het jaar hoog blijft. Het aantal boekingen van augustus tot en met december is ruim 90 procent groter dan in de periode voor de coronacrisis.
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ING heeft afgelopen kwartaal flink geprofiteerd van de hogere rente. Het concern zag vooral de rente-inkomsten toenemen.
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Het UWV wist al sinds 2020 dat het de online privacy van uitkeringsgerechtigden schond door zonder toestemming cookies te plaatsen om te checken of mensen met een WW-uitkering ongeoorloofd in het buitenland verbleven. Dat blijkt uit onderzoek van de NOS.
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Inwoners van Friesland bewijzen dat geld niet per se gelukkig maakt. Zij zijn bovengemiddeld tevreden over hun leven, terwijl de Randstad en Noord-Brabant beduidend rijker zijn.
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Het UWV wist al sinds 2020 dat het de privacy van uitkeringsgerechtigden schond door zonder toestemming cookies te plaatsen om te kijken of ze ongeoorloofd in het buitenland verbleven terwijl ze een WW-uitkering ontvingen. Dat blijkt uit onderzoek van de NOS.
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De stijgende loonkosten zorgen ervoor dat de prijzen op een hoog niveau blijven. In verschillende sectoren zijn de lonen de afgelopen maanden flink gestegen en steeds meer bedrijven berekenen dat nu door.
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China's loss in India could be Elon Musk's gain. Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China's BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms for an entry to the world's third-largest auto market without the competitive threat from BYD that it faces in other emerging markets, like Thailand.
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The EV market has become extremely competitive in 2023, and while some of the smaller players are getting crushed, smart investors are betting on highly profitable niches such as electric boats
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(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, fell as much as 8.2% in late trading after giving a tepid sales forecast for the current quarter, indicating that demand for mobile devices remains weak.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With Wife Sophie GregoireHere
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(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, gave a tepid revenue forecast for the current period, indicating that demand for mobile devices remains weak even as the industry emerges from a glut.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy t
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Investors frowned on PayPal's second quarter report.
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Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs
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The company reported non-GAAP earnings of $1.16, edging out expectations at $1.15 a share, according to FactSet.
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EVgo reported a per-share loss of 8 cents from $50.6 million in sales. Wall Street was looking for a 26-cent loss from sales of $29.5 million.
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U.S. midstream company Energy Transfer on Wednesday reported lower earnings for the second quarter despite higher transport volumes in most energy product segments versus a year ago. Lower natural gas and natural gas liquids (NGL) prices affected results, the company said. Energy Transfer expects full-year 2023 adjusted EBITDA to range between $13.1 billion and $13.4 billion, which is slightly tighter than the previous range of $13.05 billion to $13.45 billion.
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The company reported non-GAAP earnings of $1.16, edging out expectations at $1.15 a share, according to FactSet.
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(Bloomberg) -- Occidental Petroleum Corp. bought back $522 million of Berkshire Hathaway Inc.’s preferred stock in the second quarter, demonstrating its willingness to repay Warren Buffett even as commodity prices drop. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the U
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The e-commerce software company expects faster revenue growth than Wall Street analysts had penciled in.
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
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SolarEdge Technologies shares cratered after the solar power company warned its business is being hurt by high borrowing costs, and gave current quarter guidance that missed estimates.
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Richard Branson's Virgin Galactic saw its revenue and expenses both surge in the second quarter as it officially began flying paying customers.
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Occidental Petroleum Corp on Wednesday reported an 83% slump in second-quarter profit, hit by lower oil and gas prices. Oil and gas prices soared last year in the wake of Russia's invasion of Ukraine but energy prices have dropped sharply this year as fears of shortages eased amid global economic challenges. The lower oil prices were still lucrative for oil producers and Occidental's production in the quarter rose to 1.22 million barrels of oil equivalent per day (boepd) from 1.15 million boepd a year earlier.
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Occidental Petroleum Corp on Wednesday reported an 83% decline in second-quarter profit on lower crude prices and weaker production. Occidental, one of the largest oil and gas producers in the U.S., said net income attributable to common stockholders stood at $605 million, or $0.63 per share, for the three months ended June 30, compared with $3.55 billion, or $3.47 per share, a year ago.
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Though inflationary headwinds and subsequent interest rate hikes have squeezed budgets in households, consumer spending held up through the second quarter, driving an 11% surge in PayPal's total payment volume to $376.5 billion. PayPal expects third-quarter revenue at about $7.4 billion, above analysts' average estimate of $7.32 billion, according to Refinitiv data. The optimistic revenue forecast echoed results of card giants Mastercard and Visa, which posted a boost in quarterly profits on the back of strong consumer spending.
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Payments firm PayPal Holdings forecast third-quarter revenue above estimates on Wednesday, expecting consumers to remain resilient in the face of a tough economy. Though inflationary headwinds and subsequent interest rate hikes have squeezed budgets in households, consumer spending held up through the second quarter, driving an 11% surge in PayPal's total payment volume to $376.5 billion. PayPal expects third-quarter revenue at about $7.4 billion, above analysts' average estimate of $7.32 billion, according to Refinitiv data.
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South American e-commerce giant MercadoLibre reported on Wednesday a 113% rise in its second-quarter net income from a year earlier to $261.9 million, amid higher sales volume and an increase in users. The company, with presence in over 18 countries across Latin America, saw its net revenue rise 57.3% in constant currency to $3.4 billion. Over the quarter, MercadoLibre said it added 8.1 million new users across its operations, bringing its total active user base to 108.6 million.
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Demand for consumer electronics has also been hampered by a slower-than-expected economic recovery in China. Smartphone shipments in the world's second largest economy were down 5% in the June quarter, according to Canalys data. Qualcomm said its forecast also takes into account the impact of the macroeconomic headwinds, weaker global handset units and channel inventory drawdown.
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Fitch downgraded the U.S. credit rating in a shock move that has sent stocks lower. But there is reason to believe it won't be as bad as the last downgrade.
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(Bloomberg) -- A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the US Credit Rating Was Cut by Fitch and What It MeansSpecial-purpo
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The fall came amid a broader sell-off in the tech sector that saw megacap stocks fall 1.5% to 5% and the Philadelphia SE Semiconductor Index drop 3.5%. AI has been a key theme in the chip sector so far this year, driving shares of chip companies and helping Nvidia become the first and only semiconductor firm to be valued at more than a trillion dollars. Investors hope AMD will emerge with a challenger chip to Nvidia's most powerful AI semiconductors and help in fulfilling strong demand for chips that can power applications like chatbot ChatGPT.
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UBS Group is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said. On top of the layoffs in New York, UBS has decided to close Credit Suisse's office in Houston, the person added, asking for anonymity to speak freely on the matter. The office in Houston used to lead business with the oil industry, which will now be covered by New York, the source added, also declining to specify the number of people affected.
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Jamie Dimon, the chief executive of JPMorgan Chase, said Fitch’s downgrade of the U.S. credit rating shouldn’t be too concerning about how investors view the country’s ability to pay its debt.
In an intervi
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The ratings agency cut the US's credit score late Tuesday, citing rising debts and an "erosion of governance."
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It's well-established on Wall Street that companies that beat the analysts' estimates often outperform other stocks over the next few weeks. And when the "beat" is on both earnings and revenue, it's even more likely to propel a stock higher. But sometimes Wall Street will "buy on the rumor, sell on the news," and a stock may drop for a day or two after the earnings report. Analysts' opinions often carry more weight than the earnings performance of a company. Take a look at three real estate inve
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It's way too easy to become a real estate agent, posing a threat to both consumers and experienced Realtors.
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The U.S. economy grew at an upwardly revised annual rate of 2% in the first quarter, shrugging off prior fears of a recession. But according to JPMorgan Chase & Co., the “R word” may be inevitable. That’s because of the U.S. Federal Reserve’s aggressive interest rate hikes to tame rampant inflation. “While the economy’s recent resilience may delay the onset of a recession, we believe that most of the lagged effects of the past year’s monetary tightening have yet to be felt, and ultimately a rece
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Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often.
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Semiconductor stocks have been one of this year’s hottest trades. But lately, chipmakers have been leaving investors cold.
Advanced Micro Devices reported second-quarter sales and earnings that topped Wall Street estimates on Tuesday afternoon. But investors were evidently looking for more: AMD sha
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min )
Renowned investor and Berkshire Hathaway Inc. Vice Chairman Charlie Munger is no stranger to controversial statements when it comes to investment philosophy. One of his most contentious views is on diversification, which he famously refers to as "deworsification." According to Munger, the traditional approach to diversifying investments may not be the wisest strategy. During the 2019 Daily Journal Annual Meeting, Munger responded to a question about diversification with a memorable analogy. "Div
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I'm 73 and my 401(k) hasn't been doing well for the last few years. Would it be a good idea for me to withdraw my money from my 401(k) and pay the tax that I will have to pay eventually anyway, and then invest the rest of my money in CDs? -Archie Your desire for […] The post Ask an Advisor: I'm 73 and My 401(k) ‘Hasn't Been Doing Well.’ Should I Withdraw My Money and Invest in CDs? appeared first on SmartReads by SmartAsset.
( 33
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Disappointing guidance from SolarEdge follows a similar announcement from Enphase Energy last month.
( 47
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Are markets headed for new record highs? That may seem counter-intuitive, but according to J.P. Morgan’s head of US market intelligence, Andrew Tyler, the tea leaves are indicating just such new heights for the S&P 500. Tyler notes that, even in today’s uncertain conditions, the S&P index is within 5% of its all-time high – and with inflation slowing down, the Fed is likely to pare back on further rate hikes, a move that will support growth and a shift toward stocks. Recent earnings reports are
( 34
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Mortgage rates moved strongly upward for virtually every loan type Tuesday, with the 30-year and 15-year averages reaching three-week highs. Refi rates also jumped.
( 21
min )
Shares of troubled trucking company Yellow slid 15% in early trading Wednesday morning.
The morning move extends a stretch of volatile trading that has followed the company's decision to shut down operations ahead of [an expected bankruptcy filing](https://www.wsj.com/articles/the-fall-of-a-truckin
( 21
min )
During Wednesday’s trading session, the euro experienced a slight decline, hovering just above the 50-Day Exponential Moving Average.
( 32
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AMD stock is now set to be driven by its success in AI chips. But analysts are split on how much market share it can take from Nvidia.
( 26
min )
In my 401(k) retirement plan, I’m 82% stocks. I’m 65 and still working. Should I be moving my stocks to bonds? -Bob While it's not a satisfying answer, the real answer is that "it depends." The decision of whether to shift your 401(k) to a more conservative asset allocation will depend primarily on your longer-term […] The post Ask an Advisor: ‘Should I Be Moving Stocks to Bonds?’ I’m 65 and Have 82% of My 401(k) in Equities appeared first on SmartReads by SmartAsset.
( 33
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Tupperware is the latest meme stock, and retail traders have pushed it higher in recent weeks despite concerns over the future of the business.
( 26
min )
Americans, on average, believe they'll need $1.8 million for retirement. Is that realistic, and how would they get there?
( 32
min )
Tupperware shares are sliding 13% ahead of the opening bell, chipping away at some of the stock's big gains this week.
Investors have been following [the meme playbook](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-01-2023/card/tupperware-stock-skyrockets-24-ahead-of-the-opening-
( 22
min )
People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.
( 30
min )
Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in the first quarter. While revenue from operations fell about 12% to 7.2 billion rupees, that was more than offset by a roughly 13% drop in expenses due to lower raw material prices.
( 31
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LONDON (Reuters) -German mobile and broadband provider 1&1 said it had agreed a deal for Vodafone to provide 5G coverage to its customers, ousting current network partner Telefonica Deutschland by October 2024 at the latest. 1&1, which is majority owned by United Internet AG, said Vodafone would provide mobile coverage in areas not covered by its new 1&1 network, including 5G, 2G and 4G, under a deal that would be concluded as soon as possible.
( 31
min )
CVS Health topped second-quarter expectations, but the health care giant's profit sank as pricing pressure hurt its drugstore business and rising medical costs hit the health insurance side. The drugstore chain, pharmacy benefit manager and insurer said Wednesday that it posted adjusted earnings of $2.21 per share in the quarter that ended June 30. Woonsocket, Rhode Island-based CVS Health Corp. operates one of the nation’s largest drugstore chains with nearly 10,000 retail locations.
( 30
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Shares of the back-up power provider tumble after the company warns of a sharper sales decline in the second half of the year.
( 26
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Low margins industry-wide saw Enterprise Products Partners missing analyst expectations for Q2, but the company still reached six operational records
( 12
min )
Fitch downgraded the U.S. credit rating in a shock move that has sent stocks lower. But there is reason to believe it won't be as bad as the last downgrade.
( 27
min )
CVS Health Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business. Excluding items, the company reported a profit of $2.21 per share, above analysts' average estimate of $2.11 per share, according to Refinitiv data.
( 30
min )
AMD's fiscal third-quarter revenue guidance slightly misses estimates, quarterly sales at Starbucks come up short, and EA's guidance disappoints. CVS Health, Qualcomm, Shopify, and PayPal are among the companies reporting earnings Wednesday.
( 27
min )
AMD stock is now set to be driven by its success in AI chips but analysts are split on how much market share it can take from Nvidia.
( 26
min )
The U.S. Internal Revenue Service plans to allow taxpayers to submit all documents and correspondence to the agency digitally for the 2024 tax filing season and will convert all paper tax returns to digital documents by the 2025 season, the Treasury Department said on Wednesday. The initiative, part of a decade-long, $60 billion program to modernize systems and improve tax enforcement, will allow taxpayers to digitally submit all correspondence, non-tax forms and responses to IRS notices, the Treasury said.
( 30
min )
The industrial titan slashed its payout in 2018. A separation of the aviation and power divisions could mean a bigger one.
( 26
min )
Asian shares dipped Wednesday after Wall Street took a step back from its big rally as markets tried to digest a slew of earnings. Hong Kong's Hang Seng dipped 2.1% to 19,590.86, while the Shanghai Composite lost 0.9% to 3,259.93. Investor optimism was hurt by Fitch Ratings downgrading the United States government’s credit rating, citing rising debt at the federal, state, and local levels.
( 33
min )
Maker of mobile processors and 5G wireless chipsets Qualcomm may provide a muted forecast when it reports fiscal-third-quarter earnings after the market close.
( 26
min )
(Bloomberg) -- Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong recent run, while further support measures from China failed to reverse the mood. Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsPoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeMissing Goldman Sachs Analyst Co
( 33
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(Bloomberg) -- The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto the coveted top credit grade.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceTrump Indicted on Federal Charges in 2020 Election ProbeEconomies with the highest credi
( 30
min )
(Bloomberg) -- Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision to downgrade the US given signs of resilience for the world’s largest economy.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsPoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeMissing Goldman Sachs A
( 31
min )
Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating. MSCI's broadest index of Asia-Pacific shares fell 0.5%. Asian stocks were also weighed by declines on Wall Street overnight.
( 31
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Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by selling assets.
( 26
min )
(Bloomberg) -- Advanced Micro Devices Inc., the second-largest maker of personal computer processors, gained in late trading after the company topped second-quarter estimates and said it was making further inroads in artificial intelligence computing. Most Read from BloombergUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationStocks ‘Bend, Don’t Break’ After Almost 30% Rally: Markets WrapAsia’s Richest Families Fuel Race for
( 32
min )
The S&P 500 index finished 1.4% lower on August 2, 2023, after chipmaker AMD issued weaker-than-expected third-quarter guidance, which weighed on the sector.
( 17
min )
Half of workers think they might reach their retirement goals.
( 17
min )
See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 18
min )
Humana said it paid out fewer-than-expected claims for non-urgent surgery, and that helped the health insurer record better-than-expected second quarter profit.
( 18
min )
SolarEdge Technologies shares cratered after the solar power company warned its business is being hurt by high borrowing costs, and gave current quarter guidance that missed estimates.
( 16
min )
Six asset managers have filed with the SEC for Ethereum futures ETFs, which could launch as early as October.
( 17
min )
Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency or standard.
( 23
min )
You can buy a CD in a foreign country, but it's risky. Find out more about how it works and the pros and cons.
( 23
min )
These accounts—created specifically for the wealthy—come with special perquisites such as personal bankers, waived fees, and the option of placing trades.
( 23
min )
The quantity supplied is a term used in economics to describe the number of goods or services that are supplied at a given market price.
( 23
min )
Generac Holdings was the worst-performing stock in the S&P 500 after the maker of home generators and other alt power equipment warned of a slump in residential sales because of falling demand.
( 16
min )
Investors reacted to the Fitch Rating agency’s downgrade of U.S. credit, sending long-term bonds higher and the Dow Jones lower by about 1%, or 350 points.
( 17
min )
Federal support for renewable energy projects more than doubled from 2016 to 2022, according to a recent report from the U.S. Energy Information Administration (EIA).
( 17
min )
Rohit Chopra is the director of the Consumer Financial Protection Bureau (CFPB). He previously served as commissioner of the Federal Trade Commission (FTC).
( 22
min )
Combined single limits is an insurance policy provision where coverage for all components of a claim (bodily injury and property damage) is handled by a single amount.
( 21
min )
Monetary policy impacts every asset class, and investors commonly structure their portfolios to benefit from and absorb economic policy changes.
( 21
min )
The White House and Supreme Court have taken opposing positions on student loan forbearance. Learn what's in store for student borrowers with the SAVE plan.
( 24
min )
In the aftermath of the COVID-19 pandemic, hiring is still booming, unemployment is near historic lows, yet Americans as a whole are still working fewer hours than they did in 2019.
( 18
min )
Yum! Brands reported a record $7 billion in digital sales during the second quarter of 2023 as worldwide sales and same-store sales increased.
( 18
min )
Trading losses and a decline in dealmaking led to an earnings slump at private equity (PE) firm Carlyle Group in the second quarter, although the loss was smaller than expected.
( 17
min )
Learn the most commonly followed market and economic indicators used by market analysts to track the Chinese stock market and China's economy.
( 27
min )
Here are the best online brokerage accounts and trading platforms with low costs and fees plus the best trading experience, mobile apps, and more.
( 34
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Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
( 20
min )
The desirable markets aren't immune to high mortgage rates and low inventory, which are dampening the housing market nationwide.
( 19
min )
Chemicals giant DuPont De Nemours posted a smaller-than-expected loss in the second quarter while raising its full-year sales forecast, but projected lower earnings for the year.
( 17
min )
See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
( 21
min )
You can name almost anyone as a transfer on death (TOD) beneficiary. Learn more about the process and benefits for naming a TOD beneficiary.
( 22
min )
An account freeze includes actions taken by a bank, brokerage or government to prevent transactions in an account.
( 22
min )
Kraft Heinz's Q2 earnings reflected sales affected by a reduction in demand from cost-conscious consumers. Shares slipped early Wednesday but recovered.
( 17
min )
Shares of CVS Health Corporation advanced as cost cutting helped the pharmacy chain and healthcare company post better-than-expected results.
( 16
min )
U.S. equities plunged at midday on Wednesday, Aug. 2, 2023 after Fitch reduced the U.S. credit rating.
( 16
min )
Starbucks sales soared in China as COVID-19 restrictions there eased, but overall revenue and comparable store sales were less than expected.
( 16
min )
The House Committee on China has launched an investigation into BlackRock and MSCI for investing into blacklisted Chinese companies.
( 17
min )
Researchers working on artificial general intelligence (AGI) aim to eventually produce a form of AI with human-level intelligence. AGI would ideally be able to learn, self-teach, and perform generalized tasks without human supervision or intervention.
( 25
min )
Explore the forward price-to-earnings ratio, and learn its significance and how it compares to the traditional price-to-earnings ratio.
( 20
min )
A telex release is a convenient option for shippers who do not need original documents for their accounting or legal records.
( 21
min )
A bank statement is a record, typically sent to the account holder every month, summarizing all transactions in an account during a set time period.
( 22
min )
Is it better to make foreign direct investments or foreign portfolio investments? What is the difference and who does each one appeal to?
( 19
min )
Mortgage rates moved strongly upward for virtually every loan type Tuesday, with the 30-year and 15-year averages reaching three-week highs. Refi rates also jumped.
( 20
min )
Similar to rivals Intel and Nvidia, AMD could develop AI chips that it will be allowed to export to China despite U.S. controls.
( 17
min )
An external transfer is a way to move money between accounts that are in different financial institutions. Learn how external transfers work.
( 23
min )
Learn who the top 10 billionaires in the world are and how they built their wealth.
( 33
min )
A variety of metals, plastics, raw materials and chemicals are used by the electronics industry including copper, lithium, silver, gold and many others.
( 19
min )
Financial capital commonly refers to the assets needed so a company can provide goods or services, measured in cash value. Economic capital is the money to cover possible losses from unexpected risks.
( 19
min )
A structured note is a debt obligation that also contains an embedded derivative component that adjusts the security's risk-return profile.
( 22
min )
Inwoners van Friesland bewijzen dat geld niet per se gelukkig maakt. Zij zijn bovengemiddeld tevreden over hun leven, terwijl de Randstad en Noord-Brabant beduidend rijker zijn.
( 5
min )
Isolatiebedrijven en woningeigenaren moeten voor ze spouwmuren isoleren goed onderzoeken of daar vleermuizen in zitten. Met een camera in de ruimte tussen de muren kijken is niet voldoende.
( 5
min )
Ferrari beleeft dit jaar gouden tijden met sterke verkopen in Europa, de Verenigde Staten en China. De sportwagenfabrikant zag de nettowinst met een derde stijgen tot 334 miljoen euro. Prijsverhogingen maken klanten schijnbaar niet minder enthousiast.
( 3
min )
Pensioenfondsen profiteren van de stijgende rente en koerswinsten op de aandelenbeurs. Daardoor zijn de dekkingsgraden in juli opgelopen tot gemiddeld 122 procent. Dat betekent dat de fondsen gemiddeld voor elke 100 euro pensioenuitkering 122 euro in kas hebben.
( 3
min )
De Griekse overheid biedt vakantiegangers een week gratis vakantie op Rhodos aan. Het aanbod geldt voor toeristen die in juli hun vakantie moesten afbreken vanwege hevige bosbranden.
( 3
min )
Het is vandaag Earth Overshoot Day. Op deze 'dag van de overbevraging' hebben we al het voedsel en de grondstoffen die de aarde in een jaar tijd duurzaam kan produceren al verbruikt. Dus 'vieren' we vandaag dat we flink rood staan bij de planeet.
( 5
min )
De Griekse overheid biedt vakantiegangers een week gratis vakantie op Rhodos aan. Het aanbod geldt voor toeristen die in juli hun vakantie moesten afbreken vanwege hevige bosbranden.
( 3
min )
De prijzen van tarwe en mais zijn woensdag verder gestegen na de Russische aanval op de haven van de Oekraïense stad Izmail.
( 3
min )
Met een betaald abonnement op X, voorheen Twitter, krijg je een blauw vinkje achter je naam. Gebruikers die er niet mee te koop willen lopen dat ze voor de dienst betalen, kunnen hem voortaan verbergen voor anderen.
( 4
min )
De Verenigde Staten zijn voor beleggers minder betrouwbaar geworden. Volgens kredietbeoordelaar Fitch behoren Amerikaanse staatsleningen niet meer tot de veiligst denkbare beleggingen. Dat heeft te maken met de politieke strijd over het schuldenplafond.
( 3
min )
Werknemers profiteren steeds meer van de krapte op de arbeidsmarkt. Het is niet voor niets dat het verloop bij veel bedrijven op een hoog niveau ligt. We wisselen vaker van baan en zijn niet meer bang om een hoger loon of een andere functie te eisen.
( 5
min )
De regenachtige weken in juli zorgen voor lege terrassen bij strandtenten. Maar weer of geen weer, de Duitse toerist blijft een trouwe klant.
( 5
min )
BTC's price rose following the announcement.
( 30
min )
United Auto Workers President Shawn Fain said on Tuesday the union is seeking economic benefits in contract talks with the Detroit Three automakers, including double-digit pay raises and defined benefit pensions for all workers. The UAW presented its economic demands to Chrysler-parent Stellantis on Tuesday and will make presentations to General Motors Wednesday and Ford Thursday ahead of the Sept. expiration of the current four-year contracts, Fain said.
( 29
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As summer travel remains solid and consumer spending appears robust, plenty of analysts now believe a recession will not materialize. However, that is not the view of Raymond James’ CIO, Larry Adam. Adam is of the mind that a recession is all but inevitable and will kick off by this year’s fourth quarter. That said, the good news is that it will be a mild recession, one where the U.S. economy will shrink in a far less acute manner than during other recessions (0.6% vs. the average 2.5%), won’t l
( 34
min )
Shares of the Monroe, Louisiana-based company, which has lost more than 61% of their value this year, dropped more than 8% in trading after the bell. The company, whose second-quarter loss was more than four times its $2 billion market capitalization, recorded a steep fall from a profit of $344 million a year ago. Lumen said it recorded a non-cash impairment charge of $8.8 billion in the quarter, triggered by a sustained decline in their share price and variance in the market valuation in the April-June period.
( 31
min )
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 20
min )
The company topped estimates but that wasn't enough for fickle investors.
( 26
min )
Profits for oil and gas companies have dropped from last year's bumper levels after crude prices eased from multi-year highs when Russia's invasion of Ukraine upended markets. Shares of Devon fell 2.4% to $52.41 in extended trade. Pioneer posted a 53.5% drop in second-quarter profit, while Devon's income declined 64.3%.
( 31
min )
Advanced Micro Devices forecast third-quarter revenue below market expectations on Tuesday, hit by a slowdown in cloud computing spending. The company forecast current-quarter revenue of about $5.7 billion, plus or minus $300 million. Analysts polled by Refinitiv expect revenue of $5.82 billion.
( 30
min )
Videogame publisher Electronic Arts missed booking estimates for its first quarter on Tuesday, hurt by competition from other franchise-based games and muted spending by gamers. The company posted net bookings of $1.58 billion in the quarter ended June 30, compared with Refinitiv estimates of $1.59 billion.
( 30
min )
For the fiscal third quarter, analysts expect Apple to report sales of $81.9 billion, down about 1% from the year-earlier quarter.
( 26
min )
Tupperware is the latest meme stock, and retail traders have pushed it higher in recent weeks despite concerns over the future of the business.
( 27
min )
A drug company with operations in Morrisville has signed a major licensing deal for its newly approved treatment for multiple sclerosis.
( 10
min )
To start, Enphase Energy is working to expand faster in Europe, where its sales are still growing fast.
( 27
min )
Cruise stocks fell Tuesday, with Norwegian Cruise Line plummeting, after the company set a third-quarter profit outlook that was narrower than Wall Street expected.
Norwegian's shares were recently down more than 13%, on pace to break a four-day winning streak and one of the S&P 500's worst perfo
( 22
min )
Creditors led by Apollo Global Management Inc are nearing a deal to provide Yellow Corp with fresh cash during a coming bankruptcy, Bloomberg News reported, citing people with the matter. Yellow, formerly called YRC Worldwide, is the third-biggest U.S. trucking company's that focuses on "less-than-truckload" shipping and transports goods from multiple shippers in single trailers. Apollo and Yellow did not immediately respond to Reuters' request for a comment.
( 30
min )
Crumbling COVID-19 vaccine and treatment sales chopped Pfizer’s second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023. Pfizer recorded no U.S. sales of its treatment, Paxlovid, in the recently completed quarter, as the company shifts to selling the pills on the commercial market after contracting with the government. Sales of the vaccine Comirnaty also slid 83% to $1.49 billion in the quarter, as both products fell short of Wall Street expectations.
( 31
min )
SoFi is aiming to be profitable in its fourth quarter, but Wall Street is questioning the pace of growth.
( 26
min )
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BRY, GNK, ARI, PXD, and EGLE lead peers by forward dividend yield
( 25
min )
Toyota's operating margins are back above those of electric vehicle giant Tesla. The battle for global automotive dominance continues.
( 26
min )
Yellow Corp.'s expected bankruptcy was decades in the making, says FreightWaves' Craig Fuller, who argues Teamsters were "dragging" the "precarious" situation.
( 31
min )
(Bloomberg) -- Tupperware Brands Corp. has been warning for months that it may go bust, but that isn’t keeping retail investors away from powering an eye-popping rally reminiscent of the pandemic-era meme stock craze.Most Read from BloombergCharles Koch-Tied Group Seeks to Block Trump From GOP NominationUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsAsia’s Richest Families Fuel Race for Lucrative Finance JobsSingapore PM to Address Political Scandals in ParliamentMyanmar Junta Pardo
( 32
min )
(Bloomberg) -- Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals. Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationMyanmar Junta Pardons Aung S
( 32
min )
The crypto-enthusiast suggested that young and risk-tolerant investors buy Alibaba stock, silver, ether, and bitcoin.
( 32
min )
High earners could see a significant tax increase under a Democratic proposal to bolster Social Security and Medicare. A financial advisor can help you respond to potential changes to tax laws and regulations. Find a fiduciary advisor today. The proposed legislation – called the "Medicare and Social Security Fair Share Act" – would require taxpayers […] The post Are You a High Earner? You Could Pay a Lot More in Taxes Under This Proposed Law appeared first on SmartReads by SmartAsset.
( 31
min )
U.S. District Judge Rakoff rejected a previous judge’s distinction between institutional sales and sales to retail investors on crypto exchanges, the report noted.
( 31
min )
It’s been clear for a while now that the stock market is on an upward trajectory, buoyed by a resilient economy and retreating high inflation. The good news, according to John Stoltzfus, Chief Investment Strategist at Oppenheimer, is that the chances of the bull market continuing are more likely than the bears grabbing hold of the narrative once again. “Our appraisal of the market landscape at this time suggests that opportunity outweighs risk as current monetary policy generates a transition fr
( 34
min )
Goldman Sachs upgraded, Rivian downgraded: Wall Street's top analyst calls
( 33
min )
Signs of a softening demand in the quarters ahead have hurt airline shares this earnings season.
( 26
min )
The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.
( 26
min )
Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.
( 26
min )
"We made a change in our U.S. distribution center that added capacity to support higher revenue in fiscal Q4 and beyond," Rockwell's chief executive Blake Moret said. The company said on a post-earnings call it had missed about a week of planned shipments in May due to a longer-than-expected changeover to a new third-party logistics supplier at its North American distribution center.
( 31
min )
Signs of a softening demand in the quarters ahead have hurt airline shares this earnings season.
( 26
min )
Shares of Tupperware soared more than 20% ahead of the opening bell, continuing a meteoric rally that has more than quadrupled the value of the stock since the start of July.
The gains are reminiscent of the meme stock mania that swept markets in recent years, when a speculative frenzy sent shares
( 23
min )
ZoomInfo shares are down sharply after the database information provider trimmed its full-year financial forecast.
( 26
min )
The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said.
( 27
min )
The maker of Malboro cigarettes saw revenue hit by lower cigarette volumes. Price hikes helped offset that.
( 26
min )
The bar was high after Royal Caribbean's blowout numbers last week.
( 26
min )
The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.
( 26
min )
Altria, which has been raising prices to counter the defection of consumers to cheaper brands in the face of persistent inflation, has banked on demand for its premium offerings from the Marlboro brand of cigarettes, which it markets and sells in the U.S. Altria, like peer Philip Morris, also benefited from strong demand for spitless nicotine pouches, which are an alternative to traditional moist chewing tobacco.
( 31
min )
Norwegian Cruise Line Holdings forecast third-quarter profit below estimates on Tuesday, as higher fuel costs reverse its gains from pent-up demand for cruise bookings and raised ticket prices. Shares of the company, which appointed a new CEO in March, were down 7.2% in premarket trading. Cruise operators have been wrestling with elevated costs associated with food, raw materials, fuel, a stronger U.S. dollar and labor due to the pandemic that were exacerbated by the Russia-Ukraine war.
( 31
min )
Revenue was lifted by higher sales across all three of its major segments.
( 25
min )
Pfizer Inc on Tuesday fell short of Wall Street estimates for quarterly revenue, hit by declining sales of its COVID-19 products. Total revenue for the second quarter at $12.73 billion missing analysts' estimates of $13.27 billion, according to Refinitiv data.
( 30
min )
Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.
( 26
min )
Three compelling reports show just how damaging RTO mandates are turning out to be.
( 33
min )
The reality is you may lose your ability to negotiate when you put all cards on the table.
( 32
min )
(Bloomberg) -- Shares in Asia rose Tuesday following bullish trade on Wall Street as investors parsed further signs of stability in the global economy.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block Trump From GOP NominationA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyEquities i
( 34
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(Bloomberg) -- The S&P 500 received its most bullish outlook yet from Oppenheimer Asset Management, which sees further upside for stocks as the Federal Reserve nears a pivot and the US economy stays resilient.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgag
( 31
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Arista Networks soars after issuing revenue guidance above forecasts, while ZoomInfo tumbles after cutting its outlook. Earnings are expected Tuesday from Merck, Pfizer, Caterpillar, Uber, and Advanced Micro Devices.
( 27
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The energy giant raised its dividend by 10% and announced a new $1.5 billion share buyback program.
( 27
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(Bloomberg) -- BP Plc raised its dividend by 10% and said it would buy back another $1.5 billion of shares, even as its second-quarter profit fell by more than expected amid weaker oil and gas prices. Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Rate I
( 8
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French tech company Atos said on Tuesday that it was in talks to sell its Tech Foundations unit to Czech billionaire Daniel Kretinsky's EP Equity Investment (EPEI). Atos said this sale would result in a positive net cash impact of 100 million euros ($109.9 million), and the transfer of 1.9 billion euros worth of on-balance sheet liabilities, resulting in an overall enterprise value of 2 billion euros. Atos will also re-name itself as Eviden, following the sale.
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The Wall Street consensus estimate is that AMD will report revenue of $5.3 billion with adjusted earnings per share of 57 cents for the June quarter.
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HSBC Holdings reported a 235% increase in first-half profit on Tuesday, as it benefited from rising interest rates around the world and the positive effects of its planned French unit sale.Europe's largest bank with a market value of $162 billion posted a pretax profit of $21.7 billion for the first six months this year, versus $9.2 billion a year earlier. The results were better than the $20.9 billion mean average estimate of brokers compiled by HSBC.
( 30
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CVS Health is shedding 5,000 jobs to help reduce costs as the U.S. pharmacy chain sharpens its focus on healthcare services, the Wall Street Journal reported on Monday. CVS added that the jobs affected will primarily be corporate positions, according to the report, citing a memo reviewed by WSJ. CVS did not immediately respond to a Reuters request for comment.
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Bitcoin and Ether traded little changed on Tuesday morning, both holding at support prices they have fluctuated around for several weeks.
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Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in monetary terms, the largest producer, the largest innovator, the largest financial market. That dominance has been challenged in the last couple of decades, with the rise of China to become the world’s second-largest economy, the expansion of Taiwan’s semiconductor chip industry to global leadership, the ingenuity of South Korean tech firms – especially in AI, and the expansion of I
( 10
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"Lower inflation and stronger economy and good guidance and good profits, what's to stop this market now?"
( 7
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One debt limit fight just ended at the beginning of June and another budget fight is likely on the way. That, along with a few other macroeconomic factors, was enough for Fitch to downgrade the country's credit rating to AA+.
( 17
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The S&P 500 finished 0.3% lower on Tuesday, Aug. 1, 2023, as weaker-than-expected earnings from pharmaceutical companies weighed on the broader index.
( 17
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 18
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The price-weighted index rode gains from Caterpillar to move higher by 0.2%, or roughly 70 points, despite more than two-thirds of the index’s stocks falling.
( 17
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Ford Motor Company said the plant that produces its popular electric F-150 Lightning pickup is back in operation, and ready to meet rising demand.
( 16
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The savings account at Apple Bank offers competitive rates, but are they competitive enough? We reviewed Apple Bank so you can decide if the bank is right for you.
( 21
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The gross domestic product, a broad measure of the country’s entire economic output, is on track to surge ahead to a 3.9% annual growth rate in the third quarter, for now.
( 17
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Norwegian Cruise Line shares plummeted as the cruise line operator’s outlook for the key third quarter missed estimates on higher costs.
( 16
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High inflation, high interest rates, and high costs of living has impacted how younger generations invest.
( 18
min )
"Guns and Butter" describes the opposing relationship between defense and social spending for a nation's government.
( 21
min )
Uber Technologies posted its first-ever quarterly operating profit, but shares slumped as revenue missed estimates.
( 18
min )
The morbidity rate, used by various insurance companies to price their premiums, is the frequency with which a disease appears in a population.
( 21
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Stockholders' equity is the remaining amount of assets available to shareholders after paying liabilities. Learn how to calculate stockholders’ equity.
( 24
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The government limits how much money can be put into life insurance without losing tax benefits. How can you avoid this Modified Endowment Contract trap?
( 25
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U.S. homebuying by foreigners for the year ending in March was the lowest since 2009, the National Association of Realtors (NAR) found.
( 18
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Term life insurance guarantees payment of a death benefit if the person insured passes away within a certain number of years. Learn how it works and alternatives.
( 25
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Permian Resources, Civitas Resources, and Northern Oil & Gas led sector performance over the past year
( 21
min )
A student loan consolidation can save you money on your student loans, but there are some pros and cons to consider.
( 25
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Job seekers, who have enjoyed plentiful options in recent years, saw their choices diminish somewhat in June as the number of job openings ticked down to their lowest since April 2021.
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A direct consolidation loan is a type of direct loan that combines two or more federal education loans into a single loan.
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These are the top 25 most heavily weighted stocks in the Standard & Poor's 500 Index.
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The National Highway Traffic Safety Administration (NHTSA) has initiated a probe into Tesla's 2023 editions of Models 3 and Y.
( 18
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Falling refinery margins slice Marathon Petroleum's quarterly earnings, but profit and revenue still surpass expectations as oil, gas prices again head higher.
( 18
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U.S. equities fell at midday on Aug. 1, 2023, as optimism about corporate earnings faded following the release of the latest batch of reports.
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A paper trade is the practice of simulated trading so that investors can practice buying and selling securities without the involvement of real money.
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Understand how to compare the yields of different bonds, and how to equalize and compare fixed-income investments with different yield conventions.
( 21
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Merck reported better-than-expected results and raised its sales outlook on rising drug and vaccine sales.
( 16
min )
Drugmaker Pfizer's Q2 earnings showed mixed results. EPS beat analyst expectations but revenue declined on falling demand for its COVID products.
( 17
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BP is the latest to join the list of major energy companies that posted big profit declines because of falling oil and gas prices.
( 16
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Did you know that you might be eligible for a grant to help start or run your small business? There are many out there for the taking; you just need to know where to look.
( 27
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U.S. companies are ramping up their capital expenditures (CapEx) after years of underinvestment, according to research from Bank of America.
( 17
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Find out how to open a savings account in the U.S. if you are a foreigner. Learn about the restrictions and qualification criteria as well as about the process.
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BRY, GNK, ARI, PXD, and EGLE lead peers by forward dividend yield
( 24
min )
American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.
( 20
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Footwear brand Birkenstock, known for its high-fashion array of sandals, is considering going public in September via an IPO, potentially valuing the company at more than $8 billion.
( 19
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Launched in November of last year, Amazon Clinic rolls out nationwide though its message-based consultations are still limited to 34 states.
( 18
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Saturn Oil & Gas, Vertex Energy, and YPF SA are top for value, growth, and momentum, respectively
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Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.
( 27
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A private placement is a sale of stock shares to pre-selected investors and institutions rather than on the open market.
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Passagiersvliegtuigen stijgen en landen weer vaker op Nederlandse luchthavens en ze zitten ook voller. In het tweede kwartaal van dit jaar ging het om bijna negentien miljoen passagiers. Dat zijn er 9,3 procent meer dan vorig jaar.
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Amazon heeft dinsdag zijn eerste Nederlandse distributiecentrum in Almelo geopend. De locatie moet tot 25.000 pakketten per dag kunnen verwerken, waardoor het webwinkelconcern meteen kans ziet meer producten in zijn assortiment op te nemen.
( 3
min )
Tankstations in Italië moeten vanaf dinsdag verplicht de gemiddelde prijzen van benzine en diesel tonen. Italië wil zo voorkomen dat pomphouders sjoemelen met de prijzen.
( 3
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In de eerste helft van dit jaar is er al een recordaantal nieuwe motoren verkocht in Nederland. Vooral onder jongeren wordt de motor steeds populairder.
( 3
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Een telefoon wordt warmer als hij aan de laadkabel hangt, omdat er elektriciteit in stroomt. De accu wordt dan aan het werk gezet. Maar hoe warm hij wordt, ligt ook aan de kabel. Moet je je daar zorgen over maken?
( 3
min )
Ondanks de hoge inflatie werden er van april tot en met juni wereldwijd een recordaantal ritten geboekt bij Uber. Dat zegt het taxibedrijf dinsdag bij de presentatie van de cijfers.
( 3
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Dit jaar zijn tot nu toe ruim 229.000 nieuwe personenauto's geregistreerd. Dat zijn er 30,6 procent meer dan een jaar eerder. Vorige maand gingen bijna 29.000 nieuwe auto's de weg op, bijna een derde meer dan in juli 2022.
( 3
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De FBI heeft naar eigen zeggen onbewust commerciële spionagesoftware ingezet om mensen te volgen. Daar kwam de dienst achter nadat The New York Times eerder dit jaar bewijs vond dat de Amerikaanse regering zich daar schuldig aan heeft gemaakt.
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Net als bij Shell en Total zakken dit jaar ook bij olie- en gasproducent BP de winsten hard terug. De nettowinst van BP was in het tweede kwartaal ruim drie keer zo laag als in dezelfde periode vorig jaar.
( 3
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Meta is van plan een reeks AI-chatbots naar zijn diensten te brengen. Het Facebook-moederbedrijf is van plan de chatbots van verschillende persoonlijkheden te voorzien. Ze verschijnen mogelijk al volgende maand, zeggen bronnen tegen de Financial Times.
( 3
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Voor negen producten moeten klanten van supermarktketen Penny Market deze week de "werkelijke prijs" betalen. De Duitse discounter berekent de kosten van milieuschade door, waardoor een bol mozzarella bijna twee keer zo duur is.
( 3
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De Japanse autoproducent Toyota produceerde en verkocht in het tweede kwartaal meer auto's dan ooit. Dat kon doordat de chiptekorten achter de rug zijn. Ook werkt mee dat de Japanse yen goedkoop is voor consumenten buiten Japan.
( 3
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Maaltijdbezorger Thuisbezorgd brengt naast pizza's en burgers nu ook shampoo, zeep en andere verzorgingsmiddelen rond. Daarvoor gaat het bedrijf een samenwerking aan met Lush.
( 3
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Werknemers hebben nauwelijks iets te vrezen als zij openlijk aangeven dat ze op zoek zijn naar een andere baan. Veel bedrijven hebben namelijk grote moeite om mensen aan te trekken en te behouden vanwege het personeelstekort. En dat zorgt voor andere verhoudingen op de arbeidsmarkt.
( 5
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A new lawsuit accuses Taco Bell of falsely advertising its Mexican pizzas and crunch wraps and showing the menu items as being fuller than real life.
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Both CDs and high-yield savings accounts are paying record rates right now, with dozens of options that earn 5.00% or more. Find out how to choose what's best for you.
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SoFi is reaching an affluent client base. Customers opening new direct-deposit accounts in the second quarter had a median FICO score of 747
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 20
min )
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Even as some of the original meme stocks lose momentum, Tupperware is the newest member of the group with shares rising about 450% in just a month.
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ZoomInfo shares are down sharply after the database information provider trimmed its full-year financial forecast.
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The company is seeking new sources of revenue because patent expirations are expected to hit seven of its key products by the end of the decade.
( 27
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(Bloomberg) -- AT&T Inc.’s human resources chief, Angela Santone, will leave the company at the end of September, just as the telecommunications giant is eliminating thousands of jobs as part of a newly expanded $8 billion cost-reduction program.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsStock Traders Refrain From Big Bets After
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The Buffett Indicator spiking is a "very strong warning signal," and buying stocks when it's around 200% is "playing with fire," Buffett has said.
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A brightly flashing “X” sign has been removed from the San Francisco headquarters of the company formerly known as Twitter just days after it was installed. The San Francisco Department of Building Inspection said Monday it received 24 complaints about the unpermitted structure over the weekend, including concerns about its structural safety and illumination. The Elon Musk-owned company, which has been rebranded as X, had removed the Twitter sign and iconic blue bird logo from the building last week.
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Disney shares gained as the entertainment giant reportedly brought back two former execs to advise CEO Bob Iger.
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PNC closed 173 branches in the first half of 2023, capped by 46 in June.
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Johnson & Johnson shares dropped after a judge ruled against its plan to resolve talcum powder-related lawsuits.
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(Bloomberg) -- For stock-picking hedge funds coping with 2023’s loopy markets, risks are starting to outweigh the rewards.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block Trump From GOP NominationA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyPro managers who make both bullish and
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A fresh wave of investors is veering away from the tried-and-true stocks and bonds, opting to venture into alternative assets. Gen Z and wealthy young investors are increasingly drawn to alternative investments rather than conventional choices. Based on a survey conducted by Lansons, it was found that less than 10% of the entire American population has invested in alternative assets. However, among the younger generations, there is a more significant interest in alternative investments, with 30%
( 31
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Mass layoffs and plans to file for bankruptcy haven't scared off a Boston-based hedge fund that now owns a 25% stake in Yellow.
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(Bloomberg) -- Walt Disney Co. hired Kevin Mayer and Tom Staggs, two executives once in the running to replace Bob Iger as chief executive officer, to help it evaluate strategic partners for its ESPN sports networks.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy Chips‘FOMO Rally’ Hits a Wall as Stock Fatigue Kicks In: Markets WrapWhy Chin
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The Hawkeye State was No.1 on a Bankrate list of best places to retire, with Missouri and Nebraska among the top 10.
( 31
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Frank Siragusa was not happy that the Mexican Pizza he paid $5.49 for at a Taco Bell in New York City last September appeared to contain only half as much beef and bean filling as the photo in the chain's advertising. In a proposed class action filed on Monday in Brooklyn federal court, Siragusa accused Taco Bell of deceiving consumers by falsely advertising its Mexican Pizza, Veggie Mexican Pizza, Crunchwrap Supreme, Grande Crunchwrap and Vegan Crunchwrap as containing "at least double" their actual content.
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The fairness of the U.S. tax system has long been debated. President Joe Biden recently tweeted, "It's about time the super-wealthy start paying their fair share." The message caught the attention of Tesla Inc. CEO and Twitter Inc. owner Elon Musk. "Please give him the password, so he can do his own tweets," Musk replied, implying that the tweet wasn't written by the commander in chief himself. But the billionaire business tycoon actually agrees with Biden's view. "In all seriousness, I agree th
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Mortgage rates climbed again, taking the 30-year and other rate averages to their highest levels in more than two weeks, and the jumbo 30-year average to a 14-year high.
( 21
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"The Enigma" is 555 carats and was sold by Sotheby's to Richard Heart in February 2022.
( 30
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(Bloomberg) -- The creator of crypto token Hex illegally used millions of dollars of investor funds to buy a 555-carat black diamond known as “The Enigma,” according to the US Securities and Exchange Commission.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsWhy China’s Miracle Growth Story May Be Coming to an EndWall Street Holds Bac
( 31
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The latest word from the big cloud-computing vendors about their plans for AI spending has made Bernstein more upbeat about the chipmaker's prospects.
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Investing.com -- Stocks were muted on Monday as a deluge of megacap earnings started to hit this week, and as investors await this week's jobs report for July.
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Shares of SoFi Technologies skyrocketed as the online bank posted better-than-expected results on strong loan demand and deposits.
( 18
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Foxconn in Wisconsin is making microinverters for Enphase Energy that convert power from solar panels into electricity.
( 10
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We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker. Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way. Bu
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Cash-strapped, with $1.3 billion in debt due next year, trucking company Yellow is shuttering operations amid a union standoff.
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Just this past April, the company warned of liquidity problems, saying there was “substantial doubt about its ability to continue as a going concern.”
( 31
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Jefferies analyst Philippe Houchois downgraded Ford stock to Hold from Buy. His price target went to $15 a share from $17.
( 26
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(Bloomberg) -- Morgan Stanley’s Michael Wilson, one of the few Wall Street strategists to see last year’s equities rout coming, has been among the market’s leading pessimists throughout 2023. But on Monday, after months of soaring stocks, he changed his tone and now sees the rally running further. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on Bo
( 8
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Shares of ON Semiconductor rose early Monday, leading the the S&P 500's advancers and supporting an index of chip stocks in morning trading.
ON's stock was recently up roughly 2.5%. The Scottsdale, Ariz.-based company, which makes intelligent sensing and power services, said it is targeting third-q
( 21
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The entrepreneur's divisive rebrand of Twitter has already wiped billions off its value, and now the very symbol of the company is deemed a potential hazard for public safety.
( 32
min )
Adobe upgraded, Salesforce downgraded: Wall Street's top analyst calls
( 9
min )
(Bloomberg) -- SoFi Technologies Inc. shares rose the most in almost a year after the online bank raised its revenue guidance, citing benefits from deposit growth and lower funding costs on loans.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyStocks Waver as Risk Appetite Cools; Yen
( 7
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The trucking company, once one of the U.S.' largest, will cease operations amid battle with union and struggles to pay debts.
( 6
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The logistics company J.B. Hunt Transport Services is ordering 13 trucks from the EV start-up. Investors are pleased.
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Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.
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Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow shut down operations on Sunday, according to the Wall Street Journal, following the layoffs of hundreds of nonunion employees on Friday.
( 10
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Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While 28% of … Continue reading → The post Attention High Earners: You're Not Taking Retirement Seriously Enough appeared first on SmartAsset Blog.
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The rising adoption of electric vehicles has been a boon for chipmakers like Onsemi and NXP Semiconductors. Onsemi said in May it was considering investing over $2 billion to boost the production of silicon carbide chips used to extend the range of EVs. "Our brownfield capacity expansion is creating an opportunity for Onsemi to gain share in silicon carbide by capitalizing on the rapidly accelerating demand for electrification and renewable energy," Onsemi's CEO Hassane El-Khoury said in a statement.
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CrowdStreet raised $4 billion by promising big returns to small investors, but many deals were disappointing.
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Analysts are bullish on software company MicroStrategy (MSTR), which reports earnings for the second quarter after the market close on Tuesday, and it’s all thanks to the many bitcoin (BTC) it holds.
( 7
min )
Oppenheimer analyst Christopher Glynn bumped shares of General Electric to the equivalent of Hold from Buy.
( 26
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“Let’s go to court and find out what the court says.”
( 8
min )
Jefferies analyst Philippe Houchois downgraded Ford stock to Hold from Buy. His price target went to $15 a share from $17.
( 26
min )
Crude prices are on track for their biggest one-month advance since January last year, as traders brace for cuts by Saudi Arabia and Russia to tighten supplies.
Brent crude futures, the global oil benchmark, have risen 13% in July to about $85 a barrel. The rally has snapped oil out of a monthslong
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min )
Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of OPEC+ production cuts on supply, a Reuters poll showed on Monday. U.S. crude was seen averaging $77.20 a barrel in 2023, down from the previous month's $78.38 forecast, and $78.25 in 2024. "We expect the impact of high interest rate levels to start curbing economic growth more strongly over H2 2023," data and analytics firm Kpler said, maintaining "a comparatively bearish view on the market".
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Wedbush's Daniel Ives suggests looking past iPhone sales and backing Apple stock on a likely acceleration in services revenue in 2024.
( 26
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Throughout the Federal Reserve's drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith. The Fed last week raised its policy rate to the 5.25%-5.50% range, the 11th increase in the last 12 meetings.
( 9
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The regulator reportedly wanted Coinbase to cease trading all cryptocurrencies except Bitcoin prior to its legal action against the exchange.
( 7
min )
Amazon investors are looking for updates on the tech giant's cloud business, ad revenue growth and signals on consumer health heading into the holidays as inflation continues to impact spending for corporations and consumers. Investors want to know how Amazon Web Services (AWS), the company's cloud provider, stands up against Microsoft and Google's, which both on Tuesday reported slowed growth in their cloud businesses in the quarter ending in June 30. Amazon previously said it is seeing a decrease in growth in AWS as business clients reallocated their spending to reduce costs.
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Today's business landscape requires totally different set of skills, Andrew Liveris writes in his new book.
( 7
min )
(Bloomberg) -- The US Treasury is set this week to begin a ramp-up in issuance of longer-dated securities that’s likely to stretch into next year, forced by a rapidly deteriorating budget deficit and soaring interest rates.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States S
( 9
min )
Whether in their sixth decade or their third, these are some of the most powerful private equity investors in the U.S. And they have $1.5 trillion to invest.
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(Bloomberg) -- Adobe Inc.’s blistering rally has further to go, according to Morgan Stanley analyst Keith Weiss, who sees the creative software maker’s shares adding a further 25% over the next year.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States Sour on Israel in Blow to
( 7
min )
SoFi Technologies is scheduled to post earnings on Monday, while reports from Apple and Amazon are set for later in the week. Walmart, meanwhile, boosts its stake in India's Flipkart, according to The Wall Street Journal.
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↗️ Palantir (PLTR): The data-mining company's shares gained roughly 5% ahead of the opening bell. The stock surged 10% Friday, boosted by an analyst note that said it was poised to be a major player in the artificial-intelligence revolution.
↘️ [**
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(Bloomberg) -- European stocks edged lower as the weakest corporate earnings season since 2020 outweighed optimism that interest rates were potentially peaking. Heineken NV slumped after the brewer cut earnings forecast as its price increases drove consumers away from its brands.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsArab States Sour
( 32
min )
Live coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
( 21
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(Bloomberg) -- Equities in Asia rose Monday following a rally on Wall Street as investors embraced fresh signs that inflation is easing further. Chinese stock gauges led gains on expectations of more government stimulus. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesAsia’s Richest Families Fuel Race for Lucrative Finance JobsArab States Sou
( 33
min )
The Swiss National Bank on Monday posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion) as interest rate hikes by other central banks dented the value of its massive bond holdings. The SNB lost 8.08 billion francs on its foreign currency positions of 742 billion francs as bond prices fell as investors feared more interest rate hikes by the U.S. Federal Reserve, European Central Bank and others. The Swiss central bank also lost 3.14 billion francs on its gold holdings in the three months to the end of June, as lower prices cut the value of the 1,040 tonnes of the precious metal it holds.
( 31
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“This is our desire to simply get ahead of the production curve,” said Boeing CEO David Calhoun, despite there being “no breaks on the regulatory side.”
( 10
min )
For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of China's economy, yet developers' debts are sliding deeper into distressed territory, with repayment problems mounting while sales crumble. When the Politburo signalled that there would be changes to real estate policy, along with other measures to boost an economy, it ignited the biggest one-day buying spree in China's stock markets since 2021.
( 32
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The cash piles households built up during the lockdowns and government stimulus of 2020-2021 have long been touted by analysts and central bankers as a reason economies could avoid a deep recession. U.S. excess savings have fallen to around $500 billion from around $2.1 trillion in August 2021, the San Francisco Federal Reserve estimates. In Europe, Deutsche Bank reckons excess savings in Sweden, struggling to contain a property slump, have dwindled.
( 33
min )
The S&P 500 could end the year near its all-time high, given strong market sentiment and the current economic landscape, according to DataTrek.
( 26
min )
The stock has doubled this year, and the fintech's second-quarter earnings report may indicate whether that wild run was warranted.
( 26
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(Bloomberg) -- The world’s biggest shipping companies are plowing their pandemic windfalls into orders for new vessels on an unprecedented scale, making an industry known for hair-raising cycles of boom and bust more vulnerable in the latest downturn.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsBodegas Put on Notice as Visa Fights Back on
( 34
min )
Sentiment also has been boosted by revived hopes for more stimulus from Beijing for the sluggish Chinese economy. Chinese factory activity contracted in July as export orders shrank, a survey showed, adding to pressure on the ruling Communist Party to reverse an economic slowdown.
( 7
min )
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase to stop trading in all cryptocurrencies other than bitcoin prior to suing cryptocurrency platform in June, the Financial Times reported on Monday, citing Chief Executive Brian Armstrong.
( 6
min )
(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoidi
( 7
min )
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Discover three exchange-traded funds (ETFs) that investors seeking to emulate the investment strategies of Warren Buffett may wish to consider.
( 19
min )
(Bloomberg) -- Chinese stocks rose from Monday’s open, extending last week’s gains, on increasing signs Beijing is determined to shore up growth with measures supporting weaker parts of the economy. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysVanguard’s Economists Aren’t Buyin
( 30
min )
(Bloomberg) -- Production has plummeted at Australia’s first lithium hydroxide refinery, operated by Tianqi Lithium Corp., extending a run of setbacks in the country’s attempt to move into battery metal refining.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysVanguard’s Economists
( 7
min )
Signs of deflation are becoming more prevalent across China, heaping extra pressure on Beijing to reignite growth or risk falling into an economic trap it could find hard to escape.
( 26
min )
“What lies ahead for the stock market?” That’s the burning question on the minds of every market and economic expert out there, and it’s undoubtedly a challenging one. Inflation has moderated to a reasonable 3% annually, and the job market is showing signs of strength. Stocks are surging, indicating that investors have factored in the risk of a potential recession. However, this leads to a problem highlighted by B. Riley’s chief investment strategist, Paul Dietrich. He points out that earnings e
( 10
min )
The EV market has become extremely competitive in 2023, and while some of the smaller players are getting crushed, smart investors are betting on highly profitable niches such as electric boats
( 18
min )
(Bloomberg) -- Investors on Wall Street and beyond are betting that the great tech rally of 2023 has staying power, even as they appear skeptical that the artificial-intelligence era will live up to the hype. Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bon
( 9
min )
(Bloomberg) -- In a turnaround that’s already taken it from one of the world’s biggest gold buyers to a top seller this year, Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card Surcharg
( 33
min )
Both CDs and high-yield savings accounts are paying record rates right now, with dozens of options that earn 5.00% or more. Find out how to choose what's best for you.
( 19
min )
Amazon shares gained after reporting delivery times to its Prime members in the second quarter were the fastest ever.
( 16
min )
See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 20
min )
The S&P 500 was little changed to start the week on Monday, July 31, 2023, edging 0.2% higher as oil stocks gained on the back of higher oil prices.
( 18
min )
U.S. consumers ramped up their spending on material goods during the pandemic and haven’t looked back, and economists are wondering just how long the shopping spree will last.
( 17
min )
Even as some of the original meme stocks lose momentum, Tupperware is the newest member of the group with shares rising about 450% in just a month.
( 19
min )
The Dow closed July with a gain of 3%, moving up 100 points, or 0.28% on the session, as investors watch earnings and prepare for Friday’s job report.
( 18
min )
Disney shares gained as the entertainment giant reportedly brought back two former execs to advise CEO Bob Iger.
( 16
min )
Johnson & Johnson shares dropped after a judge ruled against its plan to resolve talcum powder-related lawsuits.
( 17
min )
One in five homeowners have mortgage rates greater than 5% and are twice as likely to sell their homes, compared to the vast majority of homeowners with lower rates who feel locked in, a new Zillow survey found.
( 18
min )
Cash flow is the net cash and cash equivalents that move in and out of a company's financial statement.
( 26
min )
Despite current challenges in the U.S. economy, approximately 75% of mid-sized business owners plan to expand their businesses over the next 12 months.
( 17
min )
Find out how Americans in their 20s can benefit from a well-thought-out life insurance policy, especially if they are able to build cash value.
( 26
min )
Personal loan rates moved up sharply this week to 20.86%, jumping 31 basis points since last week when the average personal loan rate sat at 20.55%.
( 18
min )
Find out the pros and cons of borrowing against your life insurance policy to determine if this loan type is the right financial decision for you.
( 22
min )
Crude oil inventories at the Cushing, Oklahoma, hub fell by 2.9 million barrels in the week ended July 14, the steepest drawdown since October 2021.
( 17
min )
The first nuclear reactor built from scratch in the U.S. in decades has entered operation at a power plant in Georgia, which could present opportunities for the nuclear industry and investors.
( 18
min )
Life insurance premium financing lets high net worth individuals buy costly insurance without liquidating assets, but there are risks involved.
( 22
min )
A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it.
( 35
min )
Allocational efficiency is the efficient allocation of resources that leads to maximum overall satisfaction in the economy.
( 19
min )
Performance management helps managers monitor and evaluate employees' work and align it with the company's goals.
( 22
min )
A subsidiary is a company that is more than 50% owned by another company. The owner is usually referred to as the parent company or holding company.
( 25
min )
After the Fed's latest rate hike, which may not have been its last, we search for points of weakness and areas of continued strength in the markets with Kenny Polcari. "Irrational exuberance" makes a return as a catchphrase. Is 2023 really like 1996?
( 19
min )
Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.
( 28
min )
U.S. equities advanced at midday on Monday, July 31, 2023, heading for a winning month on strong earnings and easing inflation.
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min )
A target rate is a key interest rate that a central bank targets to guide monetary policy.
( 22
min )
The bipartisan bill taps into the public’s overwhelming support for banning stock trading among members of Congress and top White House officials.
( 19
min )
Mortgage rates climbed again, taking the 30-year and other rate averages to their highest levels in more than two weeks, and the jumbo 30-year average to a 14-year high.
( 20
min )
The SEC's recent enforcement push seeks to protect cryptocurrency investors.
( 26
min )
The world's largest retailer by revenue, Walmart, doubled down on its India bet by increasing its stake in Flipkart, an Indian e-commerce player.
( 18
min )
Onsemi beat estimates on profit, sales, and guidance on increased demand for its automotive and industrial chips. Shares hit an all-time high on the news.
( 16
min )
Student loan borrowers facing the resumption of payments on federally-held loans in October can now apply for a new kind of repayment plan that offers lower monthly payments.
( 18
min )
Shares of SoFi Technologies skyrocketed as the online bank posted better-than-expected results on strong loan demand and deposits.
( 17
min )
Cash-strapped, with $1.3 billion in debt due next year, trucking company Yellow is shuttering operations amid a union standoff.
( 17
min )
Bond funds dominated first-half 2023 global investment flows as investors reached for rising yields, while those same higher yields caused jitters that led to outflows in other asset classes.
( 18
min )
The federal funds rate is the target interest rate set by the Fed at which commercial banks borrow and lend their extra reserves to one another overnight.
( 26
min )
Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.
( 29
min )
Overlay refers to an asset management style that uses software to harmonize an investor's separately managed accounts, preventing inefficiencies and ensuring strategies are implemented and coordinated correctly.
( 19
min )
A conditional prepayment rate is an estimate of the percentage of a loan pool's principal that is likely to be paid off prematurely.
( 20
min )
A reservation of rights letter is provided to the insured party indicating that a claim may not be covered under the policy.
( 18
min )
How to take short positions on Chinese stocks using long and short exchange traded funds.
( 18
min )
Long-term care insurance coverage provides for the care of people over age 65 or with a chronic or disabling condition who need constant care.
( 22
min )
Free cash flow (FCF) represents the cash a company can generate after accounting for capital expenditures needed to maintain or maximize its asset base.
( 28
min )
Find out more about collateralized mortgage obligations and mortgage-backed securities and the difference between the two asset-backed securities.
( 18
min )
Voodoo economics is a popular phrase first used by then-presidential candidate George H.W. Bush to cast doubt on Ronald Reagan's economic policy proposals.
( 21
min )
Discover three exchange-traded funds (ETFs) that investors seeking to emulate the investment strategies of Warren Buffett may wish to consider.
( 19
min )
Discover how bonds are traded as investment securities and understand the various terms used in bond trading, including par value and market price.
( 22
min )
A bond's yield to maturity is the total interest it will earn, while its spot rate is the price it is worth at any given time in the bond markets. Here's why a bond's spot rate fluctuates even though its interest rate is set.
( 21
min )
Understand the differences between the Sharpe ratio and the Sortino ratio, two risk-adjusted returns on investment calculations, and when to use each one.
( 19
min )
Net operating income and operating cash flow are different metrics used in measuring the financial viability of an investment or a company.
( 18
min )
If you're going to invest in ETFs, you should know the intricacies of expense ratios.
( 21
min )
Forbearance is a form of repayment relief involving temporarily postponing loan payments, typically for home mortgages or student loans.
( 27
min )
Equity market and stock market are synonymous. They refer to the exchanges on which shares of public companies are bought and sold.
( 21
min )
When the employees you interact with at your bank, credit card company, mortgage lender, or other financial institution seem incapable of or unwilling to resolve your complaint, the Consumer Financial Protection Bureau's process may help you get a better result.
( 21
min )
QUIDS are tradable debt securities issued in small denominations with long securities and quarterly coupon payments.
( 21
min )
Advice for couples on the best ways to manage their student debt before and after they get married.
( 24
min )
Het Amerikaanse bedrijf Micromobility.com is van plan een bod uit te brengen op de fietsenfabrikant VanMoof. Het Amsterdamse bedrijf werd twee weken geleden failliet verklaard.
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min )
Het is druk bij binnenspeeltuinen en andere indoorattracties. Door het slechte weer kiezen meer mensen voor een activiteit waarbij zij niet nat worden.
( 3
min )
Het is druk bij binnenspeeltuinen en andere indoorattracties. Door het slechte weer kiezen meer mensen voor een activiteit waarbij zij niet nat worden.
( 3
min )
Pierre Cardin dreigt een forse boete te krijgen. Volgens de Europese Commissie heeft het Franse modehuis concurrentieregels geschonden door het merk alleen te verkopen aan specifieke EU-landen en klanten.
( 3
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De prijzen van onze boodschappen blijven ook de komende maanden op een hoog niveau. Consumenten gaan daardoor steeds creatiever inkopen doen. Ze kiezen vaker voor huismerken en kopen hun producten bij discounters of andere prijsvechters.
( 5
min )
Facebook-eigenaar Meta moet gegevens van een anonieme Facebook-gebruiker overhandigen aan een man die door deze persoon beschuldigd is van grensoverschrijdend gedrag. Dat oordeelde de rechtbank Den Haag in een kort geding dat de man tegen Meta aanspande.
( 4
min )
Door een verkeerde afstelling heeft NASA geen contact meer met zijn ruim 45 jaar oude Voyager 2. Vanwege een foutje wijst de antenne van de ruimtesonde niet langer naar de aarde en komen gegevens niet aan.
( 4
min )
Volkswagen moet een schadevergoeding van 1.500 euro betalen aan een eigenaar van een tweedehands auto met sjoemelsoftware, oordeelde de rechter maandag. Het is voor het eerst dat het bedrijf moet betalen voor een tweedehands model.
( 4
min )
Heggen, eeuwenoude bomen, velden vol orchideeën en overal wandelpaden langs graanakkers en schapenweiden. In het natuurrijke landschap van Engeland wonen 434 inwoners per vierkante kilometer. Dat zijn er meer dan in Nederland. Kunnen we daar iets van leren?
( 5
min )
Het Verenigd Koninkrijk verleent meer dan honderd nieuwe olie- en gasvergunningen aan bedrijven voor de winning van brandstoffen in de Noordzee. De Britse regering wil op die manier energieonafhankelijker worden.
( 2
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De inflatie komt deze maand uit op 4,6 procent. De prijzen stijgen gemiddeld minder hard dan in de maanden hiervoor, al is dat aan de kassa niet te merken.
( 5
min )
Heineken heeft in de eerste helft van 2023 minder bier verkocht. Het bedrijf verhoogde de prijzen, maar kon daarmee een lagere winst niet voorkomen.
( 3
min )
De omzet van supermarkten was in juni 12 procent hoger dan een jaar eerder. Ze verkochten iets minder producten, maar door de prijsstijgingen kwam er toch meer geld binnen.
( 3
min )
De inflatie komt deze maand uit op 4,6 procent. De prijzen stijgen gemiddeld minder hard dan in de maanden hiervoor, al is dat aan de kassa niet te merken.
( 4
min )
Diverse seinen voor de economie stonden de afgelopen tijd op rood. Het aantal faillissementen stijgt, bedrijven durven nauwelijks nog te lenen en ze maken steeds minder. Moeten we ons zorgen maken?
( 4
min )
Water rights pertain to the legal rights of property owners to access and use bodies of water adjacent to lands they hold.
( 19
min )
Student loan debt reached $1.77 trillion in 2023 and the Supreme Court has taken steps to prevent it from being eliminated. Here's who owes what and why.
( 26
min )
Stellar, which shares similarities with Ripple, is a low-cost, open-source, distributed ledger platform.
( 21
min )
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a series of federal regulations passed to prevent future financial crises.
( 29
min )
Air cargo insurance protects a buyer or seller of goods being transported through the air from damage, loss, and, in some cases, even shipment delays.
( 22
min )
A war exclusion clause in an insurance policy excludes coverage for acts of war, such as invasions, revolutions, military coups, and terrorism.
( 19
min )
A Pell Grant is a non-repayable federal subsidy awarded to students for post-secondary education, based on financial need.
( 27
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These companies had the most complaints about student loans reported to the Consumer Finance Protection Bureau. See which lender had the worst record.
( 27
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Read on to find out how 529 plans are eligible for use as a way to pay off a portion of your student loans.
( 25
min )
The International Monetary Fund (IMF) is an international organization that promotes global financial stability, encourages international trade, and reduces poverty.
( 25
min )
Most cryptocurrencies like bitcoin, XRP, and ether are traded via centralized exchanges. Here's how.
( 22
min )
Federal student loans can be subsidized or unsubsidized. Both types have to be paid back with interest, but the government makes some interest payments on subsidized loans.
( 28
min )
Driverless cars have piqued human interest for centuries. A true driverless car, however, has remained elusive until recently.
( 25
min )
Difference in conditions insurance provides expanded coverage for some perils that are not covered by standard insurance policies.
( 18
min )
There are many reasons why it's important to have the right amount of life insurance. Don't let these simple errors leave you unprotected.
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Term life insurance and universal life insurance have different term lengths and costs to consider. Universal also has a cash value component, which term life does not.
( 21
min )
Reproduction cost refers to the costs involved with reproducing an asset or property with same specifications as insured property based on current prices.
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min )
A cedent is a party in an insurance contract who passes the financial obligation for certain potential losses to the insurer.
( 19
min )
An inverse head and shoulders, also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends.
( 22
min )
Morgan Stanley raised is global market forecast for weight-loss drugs sales by 43% to $77 billion annually by 2030—or almost $10 a year for every person on Earth.
( 18
min )
Kim Kardashian's Skims is now worth $4 billion. Kardashian owns a 35% stake in the shapewear brand, making up most of the reality star's $1.7 billion net worth.
( 21
min )
Most states require drivers to carry a certain amount of auto insurance and to be able to prove it if they’re pulled over by police or in an accident.
( 20
min )
Cost-sharing reductions are a type of federal subsidy distributed as discounts that help reduce out-of-pocket costs for health care expenses.
( 21
min )
A first-time homebuyer may qualify for special benefits and even tax breaks. And the definition of a first-time homebuyer may surprise you.
( 25
min )
One other note, you can find me on TechCrunch's Equity podcast, a place where I will show up on a semi-regular basis, including this episode that came out Friday! The announcement runs contrary to what newly appointed CEO David Risher has told reporter Rebecca Bellan in past interviews. Risher, who is known as a big supporter of ebikes, did say the company planned to focus on its core ride-hailing business and become profitable, but it didn't seem like the two-wheeled share service was on the chopping block.
( 10
min )
(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global’s stake in Flipkart, the Wall Street Journal reported, citing a letter by the New York hedge fund to investors.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Si
( 31
min )
(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global’s stake in Flipkart, the Wall Street Journal reported, citing a letter by the New York hedge fund to investors.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Si
( 7
min )
Walmart has paid $1.4 billion to buy out a large investor in Flipkart, further cementing its control of the Indian e-commerce giant, the Wall Street Journal reported on Sunday.
( 30
min )
Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall. With remote working now routine for many office-based firms and consumers habitually shopping online, cities like London, Los Angeles and New York are bloated with buildings local populations no longer want or need.
( 32
min )
BTC hovered comfortably over $29,300 for much of the weekend but dropped in the hours after Curve Finance tweeted that it had suffered an exploit.
( 31
min )
Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday. Yellow, formerly called YRC Worldwide, did not immediately respond to a Reuters request for comment. Earlier this month Yellow averted a threatened strike by 22,000 Teamsters-represented workers and last week it said it was exploring opportunities to divest its third-party logistics company.
( 6
min )
(Bloomberg) -- Chinese firms are lining up to invest in South Korea’s battery industry because they want to use it as a gateway to the US market, undermining the Biden administration’s efforts to limit China’s involvement in the electric car supply chain. Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sen
( 8
min )
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Driverless cars have piqued human interest for centuries. A true driverless car, however, has remained elusive until recently.
( 25
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Michael Gibson, who worked for Thiel for five years, made the claim in his book "Paper Belt on Fire: The Fight for Progress in an Age of Ashes."
( 7
min )
MI5 investigated an attempted Chinese takeover of the British satellite company OneWeb before Boris Johnson’s government rescued the company with £400m in taxpayer money, documents have revealed.
( 32
min )
Stock markets have long moved to their own drummer, responding to forces that are sometimes quite different than what we expect. For investors, the key to success is to figure out just what force – or combination of forces – is going to impact the markets next. In a recent report from the UK-based Chatham House think tank, economy and finance program director Creon Butler points to climate change as the next market game-changer. In fact, Butler sees climate issues causing a sharp market correcti
( 10
min )
How would you handle early retirement? Instead of having years of investment and growth left, what if you had to start living on your retirement accounts tomorrow? More importantly, what if you had no choice in the matter? A financial advisor can help you prepare for life’s curveballs, including forced retirement. Find a fiduciary advisor […] The post Study Says 40% of Workers Forced Into Early Retirement: Here’s How to Stay Ahead of the Curve appeared first on SmartReads by SmartAsset.
( 9
min )
(Bloomberg) -- US stock market traders are almost completely fearless now, which has some strategists bracing for a possible selloff. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteThe S&P 500 Index has gained 19% this year, pushing investors off the sidel
( 33
min )
Investors are no longer happy with big price increases paired with volume declines.
( 25
min )
UCLA researchers studied 2,500 companies to determine which could reap the most benefit from the productivity gains generative AI enables.
( 28
min )
(Bloomberg) -- A $2.6 billion deal announced last week has set the stage for a potentially landmark shift in the metal and mining investment landscape: the arrival of Saudi Arabia as a pivotal player. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteThe agre
( 34
min )
Earnings reports also from Uber Technologies, Pfizer and Kraft Heinz are expected to shed light on how consumer spending is holding up amid rising interest rates and easing inflation.
( 25
min )
The industry is trying to rebound from years of losses owing to storms, fires and inflation.
( 21
min )
Cash-like investments are offering their highest rates since 2001, offsetting rising interest costs.
( 26
min )
AI, artificial intelligence, has come into its own in recent years. Machine learning technology has found its way into a wide range of day-to-day activities, from internet searching to marketing and advertising to just driving down the highway. Artificial intelligence promises to change the way that we interact with the world and with computers, and the launch of ‘generative AI,’ embodied in real-language chatbots like ChatGPT, shows just how close that promise is. The emergence of any new techn
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min )
It was a dire warning. Chancellor Kwasi Kwarteng was told in no uncertain terms last September that his financial war chest was evaporating.
( 33
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Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla is knocking on India’s door; Stellantis and rivals come together to challenge Tesla's charging-standard dominance; and an electrifying alliance between Volkswagen and Xpeng.
( 8
min )
Online sellers Shein and Temu are fighting in U.S. courts, alleging dirty tricks as they duel for workers and suppliers back in China.
( 25
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: een montagesysteem dat het mogelijk maakt om zonnepanelen op veel meer daken te krijgen.
( 5
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: een montagesysteem dat het mogelijk maakt om zonnepanelen op veel meer daken te krijgen.
( 5
min )
Israël gaat 24,5 miljard euro investeren in uitbreiding van het spoornetwerk. Dat maakte de Israëlische premier Benjamin Netanyahu zondag bekend.
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min )
Pinnen in vreemde valuta, geld opnemen met je creditcard of een gang naar het wisselkantoor kunnen meer geld kosten dan nodig. Tenzij je goed oplet. Pin dus niet direct naast het Louvre en let op waarvoor je je creditcard gebruikt.
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Frankrijk wil een betere toegang tot de Chinese markt en ook een "evenwichtigere" handelsrelatie met het land. Dat heeft de Franse minister van Financiën Bruno Le Maire gezegd na gesprekken met hoge Chinese functionarissen, onder wie vicepremier He Lifeng.
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Oekraïne heeft komende winter voldoende energie om woningen te verwarmen en de lichten te laten branden, ondanks de zware Russische aanvallen op belangrijke energie-infrastructuur in het land. Dat heeft de Oekraïense energieminister German Galjoesjenko gezegd in een interview.
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Bruiloften met tweehonderd gasten zijn niet langer de norm, zien weddingplanners. Bruidsparen kiezen er steeds vaker voor om verre familieleden en kennissen thuis te laten. Geld is niet het voornaamste motief.
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Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.
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Here are the key differences between Bitcoin and Ripple's XRP, both popular decentralized cryptocurrency systems.
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Hey, friends, welcome to Week in Review (WiR), TechCrunch’s roundup of the week in tech news. This week, WiR covers the improving quality of AI porn generators and the ethical dilemmas they raise; Twitter rebranding to "X"; and hackers infecting Call of Duty with self-spreading malware. Elsewhere, we dive into a North Korean hacking group, foreign Chinese visitors' newfound ability to go cashless, and the rollout of Sam Altman's Worldcoin eyeball-scanning crypto project.
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(Bloomberg) -- Bets on a bond-market rally aren’t in the clear just yet.Most Read from BloombergBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USBurning Ship’s Operator Says Almost 500 EVs Are on BoardSpaceX Falcon Heavy Rocket Deploys Massive SatelliteStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99Federal Reserve Chair Jerome Powell on Wednesday appeared to give traders the positive signal they’ve been waiting for — that the central
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One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has been stalled by a standoff with the Teamsters union.
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(Bloomberg) -- The great credit tightening is finally approaching on both sides of the Atlantic, if the latest surveys of bankers are anything to go by. Most Read from BloombergThe Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteChina’s Push to Expand BRICS Membership FaltersBodegas Put on Notice as Visa Fights Back on Card SurchargesTraders Are Risking It All on Bets That Market Boom Will LastAfter delivering a fresh interest-rate hike Wednesday, Federal Reser
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Canary Wharf is at its emptiest since 2005, according to new analysis, compounding fears over the future of the financial district as big names continue to abandon their offices.
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Amazon and Microsoft have warned that their investment in Britain is threatened by moves to loosen their stranglehold on the £15bn cloud computing market, in the latest escalation of tensions between regulators and Big Tech.
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(Bloomberg) -- All the chatter back in December was that 2023 was to be the “year of the bond.” And for a brief moment or two in the winter, that call — and the economic doom-and-gloom that underpinned it — looked right.Most Read from BloombergBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USBurning Ship’s Operator Says Almost 500 EVs Are on BoardSpaceX Falcon Heavy Rocket Deploys Massive SatelliteChina’s Push to Expand BRICS Membership FaltersIt is
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(Bloomberg) -- The world’s largest payment network is making changes to how it deals with merchants who want to charge customers extra when paying with a credit card.Most Read from BloombergThe Pizza That’s Taking Over the USLargest US Grid Declares Emergency Alert For July 27China’s Push to Expand BRICS Membership FaltersTraders Are Risking It All on Bets That Market Boom Will LastSpaceX Falcon Heavy Rocket Deploys Massive SatelliteIn recent months, Visa Inc. lowered the maximum amount retailer
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This method of identifying the cost basis of the stocks you buy and sell can help you pay less in capital gains taxes.
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(Bloomberg) -- With the Federal Reserve nearing the end of its most disruptive monetary-tightening campaign in a generation, a softening US dollar is poised to boost profit growth for nearly half of the companies in the S&P 500 Index over the next year. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99SpaceX
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Boaz Weinstein’s Saba Capital has been buying up shares in three closed-end funds.
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A new study shows more than half of the 115,000 new semiconductor manufacturing jobs created this decade could go unfilled.
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If you're saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research … Continue reading → The post This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds appeared first on SmartAsset Blog.
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Fact-Checked by: Jeff White | Edited by: Mike Obel The prospect of investing a large sum of money can be both exhilarating and daunting. With the right approach, there’s a potential for significant wealth growth, but there’s also inherent risk involved. The importance of sound asset diversification and risk management can’t be overstated. They can […] The post How to Invest Large Sums of Money appeared first on SmartReads by SmartAsset.
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Many people dream of owning a chunk of land and putting their dream house on it. Maybe you fantasize about pulling out all the stops and designing a home with every feature you've ever wanted. Well, to make that dream, … Continue reading → The post How to Buy Land and Build Your Dream House appeared first on SmartAsset Blog.
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The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United States fell by more than 10 percentage points over … Continue reading → The post What It Takes to Be Middle Class in America's Largest Cities – 2023 Study appeared first on SmartAsset Blog.
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(Bloomberg) -- As Bitcoin roars back after a year of crypto industry scandals and losses, Mike Novogratz says one man in particular gives him reason to stay bullish.Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive Satellite“The most important thing that happened this
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C.F. Martin & Co. in Pennsylvania, established nearly 200 years ago, is adjusting to a changing economy.
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Toy company Mattel, the maker of Barbie dolls, reported a surprise profit in the second quarter, as the success and promotional impact of the box office hit Barbie offset lower toy sales.
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The U.S. is on the verge of facing significant challenges as negotiations between UPS workers and the parcel courier's management remain unresolved. If an agreement isn't reached, approximately 340,000 employees could go on strike next month, resulting in widespread consequences for the nation. The last UPS strike in 1997 had far-reaching effects. With the company's operations slowing to a near standstill, other shipping carriers like FedEx Corp. and the U.S. Postal Service struggled to manage t
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Passive bond funds have beaten active managers since the U.S. central bank started tightening interest rates.
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The cloud software provider has kept sales growth strong, setting up a big AI upsell.
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Some companies thrived after changing their name, but other's quickly made a U-turn when the response went sour. Questions remain if Twitter's renaming to X will succeed.
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“My biggest concern is that there’s insufficient urgency,” the billionaire tells energy executives.
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(Bloomberg) -- Europe’s car and chemical makers are at risk of losing competitiveness to China and the US as both industries face persistently high energy costs during the transition to cleaner fuels, according to the head of one of the continent’s leading ports.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27The Pizza That’s Taking Over the USChina’s Push to Expand BRICS Membership FaltersClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeSubway
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Though earnings dipped last quarter, oil giants together added $14 billion in profits to their cash piles and are hunting for potential acquisitions.
( 26
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Florida has long had hurricanes. But climate change is kicking in, the population of the state is growing, and private insurers are leaving the state. The result: skyrocketing premiums and costly litigation.
( 26
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Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.
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An act of God is a phrase used to describe an event outside of human control, such as a natural disaster.
( 21
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The bond market can be broken down into three main groups: issuers, underwriters, and purchasers. Learn what each set of players is responsible for.
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Here are the key differences between Bitcoin and Ripple's XRP, both popular decentralized cryptocurrency systems.
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A cost-of-living adjustment (COLA) is made to Social Security and Supplemental Security Income to adjust benefits to counteract the effects of inflation.
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Learn what the major factors are that can lead to changes in a company's dividend payouts and drive increases in dividends per share.
( 21
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A lien is an encumbrance, but not all encumbrances are liens. Learn about the distinction between these two property rights.
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The dividend discount model (DDM) is only as good as your assumptions make it. Learn how this model can work for you in valuing stocks.
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When a CD reaches its maturity date, you have a few options. In this guide, we'll take you through them.
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A bank run is when many customers withdraw their deposits simultaneously over concerns about the bank's solvency. Learn what governments do to try to prevent bank runs.
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Certificates of deposit (CDs) and savings accounts are two ways to earn interest on your savings. Here's how to decide which is right for you.
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A holding company is a company that owns other companies and oversees their operations but exists solely to operate those subsidiaries.
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Mortgage servicing rights (MSR) allow a third party to purchase rights to service their mortgages.
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How blockchain ETFs work and the risks associated with such theme-based investments.
( 21
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This method of identifying the cost basis of the stocks you buy and sell can help you pay less in capital gains taxes.
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A new study shows more than half of the 115,000 new semiconductor manufacturing jobs created this decade could go unfilled.
( 19
min )
Toy company Mattel, the maker of Barbie dolls, reported a surprise profit in the second quarter, as the success and promotional impact of the box office hit Barbie offset lower toy sales.
( 18
min )
Employers looking for the best talent must be efficient and open to negotiating, according to Robert Half survey results.
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SEC Form 10 is a filing with the SEC used to register a class of securities in preparation for potential trading on U.S. exchanges.
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A vendor take-back mortgage is when the buyer borrows funds from the seller to help finance the purchase of the property.
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Some companies thrived after changing their name, but other's quickly made a U-turn when the response went sour. Questions remain if Twitter's renaming to X will succeed.
( 20
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Unlike stocks, most bonds are traded over the counter (OTC) in secondary market rather than through exchanges due to their diversity and difficulty in listing current prices.
( 21
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The Dow Jones Industrial Average (DJIA) aims to reflect the stock market by tracking the titans of U.S. industry. What did that mean in 1896?
( 19
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Farmaceut Johnson & Johnson mag een faillissementszaak niet gebruiken om tienduizenden mensen onder druk te zetten om een schikking van omgerekend 8 miljard euro te accepteren. Dat heeft een Amerikaanse rechter bepaald.
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Adidas gaat opnieuw een deel van de spullen die voortkwamen uit de samenwerking met Ye verkopen. Die samenwerking werd verbroken na antisemitische uitlatingen van de rapper.
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Adidas gaat opnieuw een deel van de spullen verkopen die voortkwamen uit de samenwerking met Kanye West. Die samenwerking werd verbroken na antisemitische uitlatingen van de rapper, die inmiddels door het leven gaat als Ye.
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De Europese Unie heeft de financiële hulp aan Niger stopgezet vanwege de militaire staatsgreep in het land. Een generaal wierp zich vrijdag op als de nieuwe leider van het land.
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Het Internationaal Monetair Fonds gaat Argentinië omgerekend zo'n 6,8 miljard euro lenen. Dat geld is bedoeld om het noodlijdende land economisch gezien op de been te houden nu Argentinië in de aanloop naar de verkiezingen waarschijnlijk weer een turbulente periode tegemoetgaat.
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Formule 1-fans zijn nog niet te laat als ze nog een overnachting in Zandvoort willen boeken voor tijdens het raceweekend van over minder dan een maand. Verschillende campings en vakantieparken hebben in het laatste weekend van augustus nog plek.
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Formule 1-fans zijn niet te laat om een overnachting te boeken tijdens het raceweekend over minder dan een maand in Zandvoort. Verschillende campings en vakantieparken hebben in het laatste weekend van augustus nog plek.
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The debt-laden freight carrier dismissed parts of its sales force, business staff and IT workers as it prepares a bankruptcy filing.
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A New Jersey bankruptcy judge threw out the second chapter 11 case that Johnson & Johnson filed to resolve its mass talc liabilities, again shutting down the healthcare-product company’s plan to achieve an $8.9 billion settlement.
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Analysts weigh in on Alphabet, Meta Platforms, Sherwin-Williams, Boeing, RTX Corp., and FS KKR Capital.
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The Liberty Media cluster of companies is dauntingly complicated for investors. Now may be the right time to get in.
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A judge in Florida on Friday refused to dismiss a lawsuit brought by Gov. Ron DeSantis appointees against Disney’s efforts to neutralize the governor's takeover of Disney World’s governing district. The judge in state court in Orlando denied Disney's motion in the lawsuit that says the company wrongly stripped appointees of powers over design and construction at Disney World when it made agreements with predecessors, who were supporters. The case is one of two lawsuits stemming from the takeover, which was retaliation for the company’s public opposition to the so-called Don’t Say Gay legislation championed by DeSantis and Republican lawmakers.
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Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines. The post Container shipping giant CMA CGM still earning over billion a quarter appeared first on FreightWaves.
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(Bloomberg) -- Natural gas tycoon Charif Souki has put his sprawling Colorado ranch into bankruptcy in order to repay lenders he alleges undermined earlier attempts to retire his personal debt and tanked the value of Tellurian Inc.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27The Pizza That’s Taking Over the USClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeChina’s Push to Expand BRICS Membership FaltersSubway Offers Free Sandwiches That Com
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A pair of money managers offer some of their favorite small-cap stocks, from snack foods to bearings to airplane leasing. They’re relatively cheap and poised to outperform many of the large-caps.
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Apple, Inc (NASDAQ: AAPL) was rising about 1.6% on Friday, continuing to trek mostly north within a rising channel pattern, which Benzinga called out on July 19. The Cupertino, California-based company’s pattern is bullish, at least for the short-term. Apple is also trading in an inside bar pattern, indicating a period of consolidation, which is usually followed by a continuation move in the direction of the current trend. An inside bar pattern has more validity on larger time frames (four-hour
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min )
(Bloomberg) -- After more than a decade, New York Community Bancorp has finally won over JPMorgan analysts.Most Read from BloombergThe Pizza That’s Taking Over the USLargest US Grid Declares Emergency Alert For July 27China’s Push to Expand BRICS Membership FaltersClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeSubway Offers Free Sandwiches That Come With a Lifetime CommitmentThis year the regional bank scooped up the failed Signature Bank’s deposits and lured six privat
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(Bloomberg) -- Industrial shares are on a tear, junk-bond spreads are narrowing, quants are ramping up Treasury shorts and everyone is piling into stocks.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersWall Street Rekindles Risk-On ‘Goldilocks’ Trade: Markets WrapWhat once was a posture of skepticis
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The stock rallied on Friday in response to the chip maker's financial results but analysts foresee near-term pressures.
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Market moves this week offer a chance for investors to scoop up some attractive names following selloffs.
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During earnings season, some investors must decide whether to await earnings reports before purchasing shares of stocks they've been monitoring, while others contemplate whether it's better to hold or sell the stocks they already own before the reports are released. One ironic thing about Wall Street's reaction to earnings is that sometimes whether a company beats or misses estimates holds more significance than whether the actual earnings — or funds from operations (FFO) for most real estate in
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min )
After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow's ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. Yellow, formerly known as YRC Worldwide Inc., is one of the nation's largest less-than-truckload carriers.
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Alcoa is out of favor on Wall Street, and it’s getting worse. The stock has slid right along with sentiment. Shares are down about 30% over the past 12 months, while the S&P 500 is up 13%.
( 26
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(Bloomberg) -- Dell Technologies Inc. Co-Chief Operating Officer Chuck Whitten is resigning next month as the hardware giant grapples with a historic slowdown in computer demand.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersS&P 500 Up 1% as ‘Goldilocks’ Data Embolden Bulls: Markets Wrap“After disc
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min )
Wedbush analyst Dan Ives picked up coverage of the company with an Outperform rating and a $25 target price.
( 26
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The stock was down by a double-digit percentage after the company said it would cut shipments to counter rising inventory in its sales channels.
( 26
min )
Block upgraded, Southwest downgraded: Wall Street's top analyst calls
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min )
It’s no secret that the big gains in the stock market this year have been on account of only a select number of equities surging ahead – namely, the Mega Caps, and mostly ones with AI exposure. While that has raised concerns among market watchers that the rally is not really as strong as it appears and masks a more fragile market, Sharmin Mossavar-Rahmani, head of the investment strategy group at Goldman Sachs, disagrees with such a prognosis. In fact, Mossavar-Rahmani thinks that if history is
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min )
A renewed focus on lower costs and doing what it does best could help Walt Disney stock recover from a long slump.
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U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. Inflation as measured by the personal consumption expenditures (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said on Friday. The annual core PCE price index rose 4.6% in May.
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It’s a merger Friday, and that means payday for shareholders of Reata Pharmaceuticals.
Shares of Reata, which specializes in developing drugs to treat rare neurologic diseases, are up 51% in premarket trading. Biogen announced it [plans to acquire Reata](https://www.wsj.com/articles/biogen-to-buy-r
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min )
Procter & Gamble reports fiscal fourth-quarter earnings of $1.37 a share on revenue of $20.6 billon, beating Wall Street forecasts.
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XPeng shares caught another upgrade following this week's announcement of a new partnership with Volkswagen. T
( 26
min )
The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases.
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Biogen will acquire Reata for $172.50 a share in cash, expanding its portfolio of neuromuscular disease treatments.
( 26
min )
Procter & Gamble reports fiscal fourth-quarter earnings of $1.37 a share on revenue of $20.6 billon, beating Wall Street forecasts.
( 26
min )
(Bloomberg) -- Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit — the longest decline since the 2014-2016 oil-market crash — amid weaker natural gas prices and shrinking returns from fuel sales. Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27Subway Offers Free Sandwiches That Come With a Lifetime CommitmentBOJ Sends Yields Soaring With Surprise Change to Rate LimitHawkish Tone in Japan Is All It Takes to Rattle Global Market
( 9
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Biogen said it would buy biotech firm Reata Pharmaceuticals for roughly $6.5 billion to expand its presence in the rare disease drugs market. Biogen will pay $172.50 per share in cash, which represents a 58.9% premium to Reata's last closing price. It expects to finance the acquisition with cash on hand, supplemented by the issuance of term debt, Biogen said.
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min )
The car maker reported earnings per share of 78 cents and an operating profit of $3.8 billion. Wall Street was looking for 54 cents and $3.2 billion, respectively.
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min )
"I’m a long-term optimist, but we gotta face these issues," Jamie Dimon says in a wide-ranging interview with Louisville Business First.
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Exxon Mobil Corp on Friday reported a 56% slump in second-quarter profit, joining rivals hurt by a sharp drop in energy prices but delivering results in line with an earnings preview the oil major released earlier this month. Chevron Corp, Shell and TotalEnergies have reported profit falls of 48%, 56% and 49%, respectively. Yet excluding last year's record second quarter, Exxon posted its strongest result for the months of April to June in more than a decade, helped by cost cuts and the sale of less profitable assets.
( 8
min )
Procter & Gamble Co beat analysts' estimates for quarterly sales on Friday, as the consumer goods giant benefited from multiple price hikes and resilient demand for its cleaning products, paper towels and other household products. The Tide detergent maker's fourth-quarter net sales rose to $20.55 billion, from $19.52 billion a year earlier. Analysts on average had expected $19.98 billion, according to IBES data from Refinitiv.
( 6
min )
Consumers were still paying more for premium brands including Tide, boosting quarterly sales even as volumes dropped.
( 25
min )
Appetite for solar equipment has been tepid in the United States due to lukewarm demand in states such as Texas and Arizona where cheaper electricity prices make the economics of residential solar less attractive. Shares of rival SolarEdge Technologies Inc, which is expected to report results on August 1, slid 6.3%.
( 7
min )
Exxon Mobil Corp joined its rivals reporting a 56% slump in second quarter profit from a year ago, hurt by a drop in energy prices, in line with the midpoint of the company's earnings preview released earlier this month. Oil majors' profits fell sharply in the quarter from record levels a year earlier as oil and gas prices came off last year's highs that were driven by Russia's invasion of Ukraine. Profits at Chevron Corp, Shell and TotalEnergies shrank by 48%, 56%, 49% in the quarter, respectively.
( 8
min )
Intel stock climbed Friday after its revenue forecast beat expectations but there are still concerns about competition from Nvidia and AMD for data-center chips.
( 26
min )
The investing factor behind Warren Buffett’s success is due for a strong run—or is it?
( 25
min )
Intel reports a surprise second-quarter profit, Ford delays its electric-vehicle production goals, Roku posts a narrower-than-expected loss, and Enphase Energy's revenue forecast misses expectations.
( 26
min )
Investors in a high tax bracket can lock in an effective after-tax yield of 5% to 7% in very safe securities.
( 26
min )
France's Atos raised its full-year organic revenue growth target on Friday, pointing to improving commercial traction and high demand, even as its half-year sales came slightly below expectations. The IT consultancy group expects its 2023 organic revenue to be in line with last year's or to rise by up to 2%, compared to its prior range of -1% to 1%. Its revenue for the six months through June was 5.5 billion euros ($6 billion), below the 5.57 billion euros expected by analysts polled by Refinitiv Eikon.
( 6
min )
(Bloomberg) -- The Bank of Japan jolted financial markets by loosening its grip on bond yields in Governor Kazuo Ueda’s first surprise move since taking the helm, a step that will likely spur talk of potential policy normalization to come. The yen whipsawed to give back some of its earlier sharp gains against the dollar.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worr
( 8
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A renewed focus on lower costs and doing what it does best could help Walt Disney stock recover from a long slump.
( 44
min )
"He virtually came close to saying there's balanced risks out there," Siegel said of Powell.
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min )
The troubled trucking company is seeking to raise cash and stave off a potential bankruptcy filing.
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min )
Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging stock in search of those sweet gains is understandable. However, anyone familiar with the ins and outs of investing will repeatedly say that overused mantra: ‘buy low, sell high.’ In recognizing that low price, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking o
( 34
min )
(Bloomberg) -- (This story was originally published on March 29. Bank of Japan policymakers meet today, with investors speculating that they will loosen their tight grip on interest rates.)Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growth Accelerates to 2.4% on Resilie
( 35
min )
Understand how split-dollar life insurance plans between an employer and employee are designed and about their tax regulations.
( 22
min )
Subprime is a classification of borrowers with tarnished or limited credit histories. Subprime loans are perceived as riskier, so lenders charge higher interest rates on them.
( 22
min )
The Dow Jones recovered from yesterday’s selloff to gain 0.5% as investors hoped that slowing inflation would end Fed rate hikes.
( 17
min )
U.S. equities rallied on Friday, July 28, 2023 after a report showing inflation cooled in June, and the S&P 500 rose 1%.
( 17
min )
Biogen said it was buying Reata Pharmaceuticals for $7.3 billion, expanding its rare disease treatment portfolio.
( 16
min )
Find out how the largest speculative attempt to corner the market went awry.
( 20
min )
Explore the differences between the market price and net asset value of an exchange-traded fund (ETF). Learn more about the factors that affect each.
( 22
min )
The Index of Consumer Sentiment jumped 11% from June to July, hitting its highest since October 2021.
( 17
min )
The demise of cable TV has been written about for many years but cable continues to hang on. This article discussed why cable is faced with these issues.
( 18
min )
A Section 1031 "like-kind" exchange may be the answer if you are looking to sell your investment property and avoid costly capital gains taxes.
( 26
min )
Need to know the difference between real estate tax and property tax? These terms seem the same and may be used interchangeably but they differ
( 22
min )
Wages and salaries for private-sector workers grew 1% in the second quarter of 2023, the smallest increase since the second quarter of 2021.
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min )
A reverse mortgage can be a lifeline or a hazard to a homeowner's financial security.
( 19
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Markets bounced back at midday on Friday, July 28, 2023 from yesterday's selloff and were heading for a winning week on the latest report showing inflation easing.
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Procter & Gamble exceeded earnings and revenue estimates on higher prices, though the company warned macroeconomic challenges could impact its fiscal 2024 results.
( 16
min )
A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
( 21
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Exxon Mobil became the latest big energy company to post sinking profit and sales because of lower oil and gas prices.
( 16
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A subprime mortgage—now known as nonprime mortgages—is a type of loan granted to those who would not be able to qualify for conventional home mortgages.
( 25
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Find out how the Kohl's credit card works and how shoppers can generate bigger savings throughout the year as a Kohl's cardholder.
( 23
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If you have permanent life insurance, more of your insurance premium goes to cash value in the early years of your policy. Find out how cash value increases over time.
( 24
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If you have federal student loans, you have several repayment options. An IDR plan allows you to make payments based on your income and family size, ensuring you pay what you can afford.
( 22
min )
Forex traders can see substantial benefits from capital gains in the form of a small pip profit over time, but with considerable leverage, a single pip can result in a hefty return.
( 22
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A surprise earnings beat for Intel gave investors hope that the chipmaker can mount a recovery after two quarters of losses.
( 18
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Learn more about how the income and substitution effects operate in economics and how to separate either of these while calculating the price effect.
( 22
min )
De adviesprijs voor een liter Euro95 is vrijdag richting de 2,20 euro gegaan. Dat is bijna 20 cent meer dan aan het begin van deze maand.
( 4
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Crypto.com heeft een registratie bij De Nederlandse Bank gekregen, omdat het aantoonde aan de antiwitwaseisen van de toezichthouder te voldoen. De vergunning is noodzakelijk voor de cryptobeurs om in Nederland zaken te doen.
( 3
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De adviesprijs voor een liter Euro95 is vrijdag richting de 2,20 euro gegaan. Dat is bijna 20 cent meer dan aan het begin van deze maand.
( 3
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De inflatie in Duitsland en Frankrijk is in juli iets afgenomen. Dat betekent dat de prijzen minder sterk zijn gestegen. Maar in dit tempo duurt het nog even voordat de inflatie in die landen op de gewenste 2 procent zit.
( 3
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Crypto.com heeft een registratie bij De Nederlandse Bank gekregen, omdat het aantoonde aan de antiwitwaseisen van de toezichthouder te voldoen. De vergunning is noodzakelijk voor de cryptobeurs om in Nederland zaken te doen.
( 3
min )
Toen Instagram met een alternatief kwam voor Twitter openden binnen een week 100 miljoen mensen een account. Maar ruim de helft van hen gebruikt de dienst al niet meer, zei Meta-directeur Mark Zuckerberg donderdag in een bijeenkomst met werknemers.
( 4
min )
WhatsApp brengt een nieuwe functie uit die gebruikers snel laat reageren met een videobericht. Dat gaat volgens de makers op dezelfde manier als bij een spraakbericht, maar dan met beeld.
( 3
min )
Het bedrijf Tupperware is in een week tijd ruim drie keer zoveel geld waard geworden. Beleggers hebben opeens veel hoop op een ommekeer bij het bedrijf dat in de afgelopen jaren steeds minder Tupperware-bakjes verkocht.
( 3
min )
KLM zag zijn inkomsten de afgelopen maanden groeien door hogere prijzen en doordat passagiers vaker voor luxere zitplaatsen kozen. Daarmee compenseerde het bedrijf de schade van het schrappen van Transavia-vluchten.
( 4
min )
IKEA bestaat vrijdag 80 jaar en is alweer 45 jaar aanwezig in ons land. Het Zweedse woonwarenhuis blijft door het unieke assortiment mateloos populair. Het is dan ook een ijzersterk merk, zeggen deskundigen.
( 3
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SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to boost its copper and nickel output. The sale is part of Vale's strategy to unlock more value from its nickel and copper assets, given expectations for soaring demand for the metals from the electric vehicle market. A joint venture formed by Saudi Arabian Mining Co (Ma'aden) and the country's Public Investment Fund (PIF) will acquire 10% of Vale's base metal unit, while U.S. investment firm Engine No. 1 will acquire 3%.
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The bank hasn't explained why person-to-person payments, bill processing and account-transfer services went down for parts of two days this week. But observers suspect glitches in its legacy systems could occur at other financial institutions and increasingly affect real-time payment networks.
( 10
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Faced with skyrocketing housing prices and rising interest rates, homeowners are searching for home equity lines of credit (HELOCs) at record rates, according to an analysis of Google search data. Searches for “HELOC” skyrocketed 305% so far this year, according to the analysis commissioned by California-based luxury real estate firm RubyHome. “Homeowners that bought a few years ago at lower prices and lower interest rates can feel trapped,” RubyHome CEO Tony Mariotti. “If they’ve considered buy
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min )
(Bloomberg) -- It didn’t take much to scare American investors who’ve been pushing risk assets higher for the better part of a year.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growth Accelerates to 2.4% on Resilient Consumers, CompaniesNews that Japanese policy makers a
( 32
min )
(Bloomberg) -- Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving and a long-awaited comeback may be underway.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MorePowell Has Stopped Handing Gifts to Wall Street on Fed DayUS Growth Accelerates to 2.4% on Resilient Consumers, Companies
( 8
min )
(Bloomberg) -- Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MorePowell Has Stopped Handing Gifts to Wall Street on Fed DayUS Growth Accelerates to 2.4% on Resilient Consumers, CompaniesLargest US Grid Declares Emergency Alert For
( 7
min )
Chip maker had recorded two consecutive quarters of record losses
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Vanguard, the world's second-largest asset manager, expects the Federal Reserve to maintain a hawkish stance by either keeping interest rates elevated for longer than what the market is pricing or by tightening monetary conditions even further. Global Head of Fixed Income Group Sara Devereux said on Thursday the probability of another interest rate increase by the Fed this year stood at 50%. "We don't think they're going to cut rates anytime soon ... the Fed may have more work to do."
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Shares are up again, brushing off news about investigations, service issues, and range problems. Is there a problem lurking for the Bulls?
( 26
min )
The card companies have defied worry about an economic slowdown. The only thing that seems able to slow them down is Congress.
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Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of this method. “Reports like this only serve to further fuel the view that the government is working behind the scenes to undermine our dairy and livestock sectors,” said Tim Cullinan, president of the Irish Farmers’ Association. It also
( 33
min )
Illumina’s contentious acquisition of cancer test maker Grail brought billionaire Carl Icahn to the company’s doorstep.
( 20
min )
Shares of Cambridge biotech Mersana Therapeutics is in free-fall after its cancer drug unexpectedly failed in a clinical trial.
( 11
min )
Expectations have been coming down for the oil giant's financial results, something that could set shares up for a gain if it can beat the lowered bar.
( 26
min )
AFS Logistics CEO Tom Nightingale says that UPS’ efficiencies can’t offset “astronomical” cost increases alone. The post UPS shippers may face double-digit rate increases in wake of contract appeared first on FreightWaves.
( 8
min )
The board of directors of Brazilian state-run oil company Petrobras is set to meet on Friday to discuss its new dividend policy and a potential share buyback program, newspaper Valor Economico reported on Thursday. Executives at the firm previously said the new dividend policy was being prepared by a working group and expected to be voted on by the end of this month, with its second-quarter dividends likely to be already based on the new policy. Petrobras did not immediately respond to an emailed request for comment.
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There’s no doubt that bulls have been left somewhat disappointed by Chipotle’s quarter. Still, there may be a reason for investors to buy the stock on the dip.
( 26
min )
Shares of electric-vehicle battery start-up QuantumScape are soaring following the company's earnings report. But earnings aren't the reason for the stock surge.
( 26
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Southwest Airlines Stock Drops Despite Record Quarterly Revenue
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Boeing is still losing money, even as Wall Street warms up to the stock as the outlook for commercial aerospace improves. Losses aren't great. At least cash flow isn't a problem.
( 26
min )
MaxLinear terminated its deal to buy Silicon Motion on Wednesday, hours after the unexpected news that Chinese regulators had approved the merger.
( 26
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Get ready for long-term gains – that’s the message from Bank of America. In a recent note, the bank lays out just why it believes that the S&P 500 will hit 5,000 by next year. That would represent a gain of about 9.5% from current levels. The bank’s chief equity technician, Stephen Suttmeier, sees the market in a secular bull phase – that is, a long-term upward trend lasting one or two decades. In his view, the secular trend started back in 2013 and is likely to hold until the latter years of th
( 11
min )
America’s telecoms incumbents are in a funk
( 32
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Wood’s ARK Innovation fund is riding high this year. So are her expectations for robotaxis, drone delivery, and Coinbase, as she explains in an interview.
( 27
min )
The European Central Bank’s latest policy statement didn’t change very much from June’s. But the absence of one verb from the policy announcement was quickly noticed by investors, sending ripples through European markets.
The ECB’s July statement said interest rates “will be set” at sufficiently re
( 24
min )
(Bloomberg) -- Royal Caribbean Cruises Ltd. rose Thursday after raising its full year profit forecast to a level that significantly beat expectations, as demand for its cruises is increasing.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentPowell Has Stopped Handing Gifts to Wall Street on Fed DayFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreHunter Biden Plea Deal in Limbo After Judge Questions TermsMitch McConnell Freezes at Start o
( 7
min )
Meta Platforms upgraded, Estee Lauder downgraded: Wall Street's top analyst call
( 9
min )
How Social Security income is taxed depends on how much income you have from other sources. Here are the 2022 IRS limits for individual and joint filers.
( 11
min )
Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.
( 11
min )
Annuities are a form of hybrid financial product. Part investment and part contract, they're primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees … Continue reading → The post How Much Would a $1.5 Million Annuity Pay? appeared first on SmartAsset Blog.
( 10
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Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach. In fact, data from the Federal Reserve indicates that the majority of Americans only have $65,000 saved for … Continue reading → The post Approaching Retirement? T. Rowe Price Says You Need This Much Saved Based on Your Income appeared first on SmartAsset Blog.
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min )
Cancer-fighting drugs Revlimid and Pomalyst drive a sales shortfall in the second quarter.
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min )
Amid overall strong results, Crocs downgraded its sales outlook for Hey Dude for the full-year.
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min )
The company reported more sales and a smaller loss than expected. It said it achieved early success in its Canadian launch of the Bed Bath & Beyond brand.
( 26
min )
Industrial conglomerate Honeywell International Inc posted a better-than-expected quarterly profit and slightly raised its full-year forecasts on Thursday, on strong performance in its aviation business. Aviation suppliers, such as Honeywell and General Electric, have gained from faster-than-expected rebound in air travel, which has driven demand for parts and services. Sales at Honeywell's aerospace business, which counts Boeing and Airbus as customers, were up 16% on an organic basis in the second quarter.
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AbbVie on Thursday raised its annual profit forecast after beating analysts' estimates for second-quarter earnings on a lower-than-expected fall in sales of blockbuster arthritis drug Humira and strong sales of newer treatments. Global Humira sales tumbled 25.2% to $4.01 billion compared with analysts' expectations of $3.94 billion, according to Refinitiv data. Humira's sales trajectory is on the top of investors' minds following the entry of multiple copycat versions of one of the world's biggest selling drugs in the U.S. market.
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The car company reports on Thursday evening. Auto investors have a lot of issues weighing on their minds.
( 26
min )
Southwest Airlines said second-quarter earnings dropped 10% to $683 million as labor costs soared, offsetting record revenue at the start of the peak summer travel season. The company predicted record revenue and another profit in the third quarter, but warned of even stronger cost pressure.
( 7
min )
Southwest Airlines stock tumbled ahead of the open Thursday as the low-cost carrier said it expected revenue per available seat mile to fall in the third quarter.
( 26
min )
Drugmaker Bristol Myers Squibb said on Thursday its second-quarter sales fell more than expected and cut its full-year forecast as two of its top drugs, blood cancer treatment Revlimid and blood thinner Eliquis, face generic competition. Bristol Myers is in the midst of a leadership change, with CEO Giovanni Caforio expected to step down in November to be succeeded by Chief Operating Officer Christopher Boerner. Revlimid sales were $1.47 billion in the quarter, compared with analyst expectations of $1.67 billion, Bristol said, citing generic erosion as well as an increase in patients receiving free product from the company's patient assistance foundation.
( 7
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Honeywell reports earnings of $2.23 a share from sales of $9.1 billion. Wall Street was looking for earnings of $2.21 on sales of $9.2 billion.
( 26
min )
Refiner Valero Energy Corp reported a slump in second-quarter profit as improved fuel supplies and slowing economic activity compressed margins. Valero said total refinery throughput volumes averaged 2.96 million barrels per day in the quarter, roughly same as last year.
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min )
The largest domestic U.S. airline expects revenue per available seat mile (RASM) to fall between 3% and 7% in the third quarter, while capacity is expected to be up about 12%. However, Southwest expects the quarter to be profitable and operating revenue to hit a record. The airline attributed the fall in RASM, a proxy for pricing power, to tough comparisons from a boom in travel demand last year.
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Defensive stocks aren't just for bear markets. That's the reminder Morningstar gives investors in a recent market analysis. "After providing a cushion to investor portfolios during the bear market of 2022," Morningstar’s Jülide Sengil writes, "defensive stocks have lagged the broader market as stocks rebounded this year. The good news for long-term investors looking for opportunities […] The post The Stock Market Is Up, But Morningstar Says Now Is the Time to Invest in These Assets appeared firs
( 9
min )
The oil giant's second-quarter earnings show a steep 56% year-over-year fall in profit.
( 26
min )
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic shift.
( 28
min )
Wood’s ARK Innovation fund is riding high this year. So are her expectations for robotaxis, drone delivery, and Coinbase, as she explains in an interview.
( 27
min )
(Bloomberg) -- Shell Plc’s second-quarter profit fell from the highs seen last year but the company pledged extra share buybacks and raised its dividend. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell Freezes at Start of News Conference, Returns LaterThe r
( 32
min )
Wall Street is worried about the risk that surging demand for artificial-intelligence chips could divert spending from traditional processors.
( 26
min )
As prices surged in the West following Russia’s invasion of Ukraine, Vladimir Putin was confident enough about the health of his own economy to gloat.
( 9
min )
There are several student loan repayment options you can choose from to pay off your debt. Learn what they are and how to pick the right one for you.
( 27
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A chattel mortgage is a loan used to purchase an item of movable personal property, such as a vehicle, which then serves as security for the loan.
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min )
Student loans are available from both the federal government and private lenders. Federal student loans have more flexible repayment options.
( 27
min )
Eli Lilly said that two Phase 3 trials of its weight-loss drug tirzepatide showed patients lost 26.6% of their body weight on average, more than competitors.
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min )
The top nationwide rate on a money market account rose today to 5.21%, up from 5.06% APY. You can also find other options above 5.00% in our daily money market rankings.
( 18
min )
The dollar-cost averaging approach helps investors avoid market timing but they give up some potential for higher returns.
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min )
The S&P 500 lost 0.6% on Thursday, July 27, 2023, as stronger-than-anticipated U.S. economic growth revived concerns the Fed may keep raising interest rates.
( 17
min )
Federal banking regulators have proposed rules aimed at making the banking system more stable, but it comes with trade-offs.
( 18
min )
Securitized products are pools of financial assets that are brought together to make a new security, which is then divided and sold to investors.
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min )
Royal Caribbean shares jumped after beating profit and sales estimates, and raising its outlook on higher prices and onboard sales.
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min )
Sales in the Northeast and Midwest grew, while the South and West had declines.
( 17
min )
Dow Jones falls more than 200 points, ending the historic 13-day rally, on investor fears that strong economic data could bring more rate hikes.
( 17
min )
The Congressional Budget Office, a nonpartisan agency that provides analysis to Congress, released economic projections Thursday.
( 16
min )
While critics said the new proposal could crimp shareholder dividends and buybacks for years to come, regulators said big banks have ample time and capital to comply without hurting either.
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min )
The best savings and money market accounts are already paying record rates, with many opportunities to earn 5.00% or more. Will the Fed's latest increase push rates higher?
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min )
Learn about the age-old debate about value versus growth stocks, and how determining which kind is better depends on a number of factors.
( 25
min )
Historically Black colleges and universities (HBCUs) focus on educating disadvantaged groups and are helping narrow the racial wealth gap.
( 26
min )
Stellantis N.V. (STLA), General Motors Co. (GM), Mercedes Benz Group ADR (MBGYY), Bayerische Motoren Werke ADR (BMWYY), Honda Motor Co. LTD (HMC), Hyundai (HYMTF) and Kia Corp. (KIMTF) announced an EV charging joint venture Thursday that they said would solely rely on renewable energy.
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min )
Chipotle shares tumbled after the restaurant chain's sales came in short of expectations as the company raised prices because of higher ingredient costs.
( 16
min )
ADRs of Shell Plc dropped after the energy giant reported earnings fell by more than half, hurt by falling oil and gas prices.
( 16
min )
U.S. equities were up at midday on Thursday, July 27, 2023, after the U.S. government reported stronger-than-expected economic growth in the second quarter.
( 16
min )
Southwest Airlines Stock Drops Despite Record Quarterly Revenue
( 17
min )
A closed loop card is type of credit card that's only good at a certain retailer or other company. Here are the pros and cons.
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min )
An additional cardholder is an authorized user added to a credit card account by the primary cardholder. There are benefits to the additional cardholder, but also risks to the primary one.
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min )
Upfront pricing refers to the interest rates and credit limits that a card issuer assigns to a particular cardholder when they sign up for a card, based on risk and other factors.
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min )
A credit card block is the reservation of a portion of a credit or debit card balance for the cost of services not yet rendered.
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min )
Credit card authentication is a way of verifying that a person attempting a credit card transaction is who they say they are and that they are authorized to use that card.
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min )
Share price is the primary difference between Berkshire Hathaway's Class A stock and Class B stock, but there are other distinctions such as convertibility.
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min )
A magnetic stripe card is a security device with data embedded in it that identifies the user. It enables secure access, electronic or physical.
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min )
Mortgage rates have moved slightly down, continuing a two-week pattern of bobbing up and down in a lower-7% range. All jumbo loan averages meanwhile held steady.
( 20
min )
Comcast (CMCSA) posted its biggest earnings beat in two years on Thursday, as a surge in revenue from streaming, theme parks, and the box office offset weakness in its broadband and legacy cable offerings.
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min )
The Howey Test determines which transactions qualify as an "investment contract" and would therefore be subject to U.S. securities laws.
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min )
Minimum finance charges kick in when the interest that a credit card holder owes on their outstanding balance for that month falls below a certain amount.
( 22
min )
Mastercard, not unlike its rival payments processors, reported strong second quarter earnings on the back of robust consumer spending and a pick up in post-pandemic travel demand.
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min )
A sampling distribution describes the data chosen for a sample from among a larger population.
( 23
min )
Merchants can have the option of submitting their credit card transactions as a group, rather than individually. Here's how that works and the pros and cons.
( 22
min )
The GDP grew at a 2.4% annual rate in the second quarter, an acceleration from the 2% growth of the first quarter, and above the 2% growth forecasters had expected.
( 17
min )
Learn about the origins of the 80-20 rule and how it is applied in business, economics, quality control, and investing.
( 21
min )
Meta's second quarter revenue, at almost $32 billion, increased 11% over the same period last year and grew at the fastest clip since the end of 2021, primarily driven by a 12% jump in advertising revenue.
( 18
min )
Meta shares are surging after the social media giant posted third quarter revenue projections that beat expectations and the release of the U.S. GDP is expected to show the economy remained steady in the second quarter. Here’s what investors need to know today.
( 19
min )
Learn how globalization impacts international investment and transforms economies around the world. Understand the implications of globalization.
( 19
min )
The Basel III regulations marked drastic reform in international banking. But how will they affect the worldwide economy?
( 23
min )
With fewer homes for sale in the Hamptons, buyers are clambering over what is left in the market, even as the median sales price falls from a year earlier.
( 17
min )
Delta is the ratio comparing the change in the price of the underlying asset to the corresponding change in the price of a derivative.
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min )
Learn how the price elasticity of demand is more sensitive for some types of consumer goods than others, and see what factors most influence elasticity.
( 23
min )
Interest rates are divided into subcategories. Smart investors look beyond the nominal or coupon rate of a bond or loan to see if it fits their objectives.
( 28
min )
Het Turkse boodschappenbezorgbedrijf Getir blijft in Nederland actief. De afgelopen maanden gingen er geruchten rond over een vertrek van het bedrijf. Wel vertrekt Getir uit Spanje, Italië en Portugal.
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min )
De Amerikaanse economie is in het tweede kwartaal harder gegroeid dan verwacht. De economische groei kwam uit op 2,4 procent, tegen 2 procent in het eerste kwartaal.
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min )
De Europese Centrale Bank verhoogt voor de negende keer in ruim een jaar haar belangrijkste rentetarieven. Dat doet ze om de inflatie in Europa verder te bestrijden. Hierdoor wordt lenen nog weer duurder en levert sparen iets meer op.
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min )
Liefhebbers van een Big Mac weten hun weg naar de McDonald's nog steeds massaal te vinden ondanks dat de prijzen voor de menu's zijn verhoogd. De fastfoodketen heeft in het tweede kwartaal van dit jaar flink meer winst geboekt.
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min )
Bij de scheepsbrand boven Ameland wordt gewezen naar elektrische auto's op het schip. De maritieme sector worstelt al langer met de extra brandrisico's van elektrische auto's. Een oplossing lijkt pas in zicht als de huidige manier van transport onbetaalbaar wordt.
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De Europese Commissie start een officieel onderzoek naar Microsoft. Het techbedrijf heeft mogelijk Europese concurrentieregels overtreden door zijn communicatiedienst Teams te bundelen met Office-producten.
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min )
Het zakelijke communicatieplatform Slack kampte donderdagochtend met een storing, waardoor berichten niet altijd aankwamen. Inmiddels zijn de problemen met de dienst opgelost.
( 2
min )
De duurdere boodschappen leggen voedingsfabrikanten geen windeieren. Dinsdag werd al duidelijk dat Unilever meer winst boekte door hogere prijzen, donderdag maakte de Zwitserse concurrent Nestlé bekend dat het ook meer overhoudt doordat het zijn prijzen heeft opgeschroefd.
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min )
Het zakelijke communicatieplatform Slack kampt donderdagochtend met een storing, waardoor berichten niet altijd aankomen. Er wordt gewerkt aan een oplossing.
( 2
min )
Facebook-moederbedrijf Meta zag de omzet in het afgelopen kwartaal stijgen door duizenden ontslagen en een verbetering in de advertentieverkopen. Maar voorlopig blijft de Metaverse een grote kostenpost.
( 4
min )
Het succes van de Hollywoodfilm over Barbie heeft voorlopig niet gezorgd voor extra verkoop van Barbie-poppen. Dat meldt moederbedrijf Mattel, dat zijn inkomsten in het tweede kwartaal met 12 procent zag dalen.
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min )
Na een jaar met ingrepen om de inflatie af te remmen, verhoogt de Europese Centrale Bank (ECB) de rente vandaag mogelijk voor het laatst. Experts denken dat de ECB zo niet meer economische schade wil veroorzaken dan nodig.
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min )
Werknemers kwamen de afgelopen maanden vaker in opstand voor meer loon. Er waren dan ook meer stakingen en acties dan in de voorgaande jaren. Toch zijn er net zoveel cao's afgesloten, onder meer vanwege de krapte op de arbeidsmarkt
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min )
Google's parent company did something different in Q2, as revenue growth outpaced spending. With an AI arms race and an uncertain economy though, it's not clear if the company can do it again.
( 8
min )
Analysts were bullish heading into the burrito chain's second-quarter earnings. The stock is up 51% this year, leaving little room for error.
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min )
An indictment claims that Tottenham Hotspur owner Joe Lewis lent his pilots $500,000 each to buy stock before insider information became public.
( 8
min )
Trucking company Yellow is preparing to file for bankruptcy, according to people familiar with the matter, heightening the threat that one of the nation’s largest freight carriers will shut down as customers abandon it amid a cash crunch and union negotiations.
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min )
Focus will quickly turn to guidance for the third quarter, typically the best three months for cruise operators.
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min )
The company also unveiled two major additions to its suite of generative artificial intelligence tools.
( 26
min )
Mark Zuckerberg’s social media empire has reported a jump in advertising revenues and said that 3 billion people are now regularly checking Facebook.
( 31
min )
(Bloomberg) -- MaxLinear Inc., a maker of chips for broadband communications, said it terminated its attempt to acquire Silicon Motion Technology Corp., ending a cash-and-stock deal worth $3.8 billion.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentUK Billionaire Joe Lewis
( 7
min )
Shares of Recursion Pharmaceuticals, Schrodinger and others that are implementing AI are surging.
( 24
min )
Traders appear fixated on Fed Chair Jerome Powell's comments that there's still "a long way to go" in terms of getting inflation down to 2%.
Powell said that he doesn't think inflation will be back at that level until around 2025. That's dampening some of investors' recent optimism that inflation w
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At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.” The post Yellow exec tells sales staff company will file bankruptcy Monday appeared first on FreightWaves.
( 6
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Ruth Porat's new title at the Google parent has Wall Street buzzing.
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On Tuesday, Microsoft Corporation (NASDAQ: MSFT) and Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) both reported their latest quarterly results. But while Google-parent topped expectations across the board, Microsoft’s guidance fell short of expectations, overshadowing the fact its fiscal fourth quarter results surpassed estimates. Microsoft’s Fiscal Fourth Quarter Highlights For the quarter that ended on June 30th, the software maker generated $56.19 billion in revenue that rose 8%, which topped R
( 8
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(Bloomberg) -- The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional increases as officials fine-tune their effort to further quell inflation.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Pleads Guilty in Last-Minute Revised Deal With DOJUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley SaysChina Replaces F
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The best CDs are already paying record rates, but today's Fed rate hike could nudge them higher still. Here's what to expect for CD rates going forward.
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Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any. The post Old Dominion uses cost control to mitigate slumping demand in Q2 appeared first on FreightWaves.
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(Bloomberg) -- Bill Gross said he’s selling most of his regional bank holdings, three months after buying stocks including Western Alliance Bancorp and PacWest Bancorp in the wake of the March banking crisis.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell F
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Shares of the company rose 53.3% to 69 cents in afternoon trade. As part of a prearranged deal, Mallinckrodt will propose to write off about $1 billion from what it still owes to addiction victims and state and local governments, while making a one-time payment of roughly $250 million, the report said, citing people familiar with the discussions. Mallinckrodt did not immediately respond to a Reuters request for comment.
( 39
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Wall Street is sharpening its pencils and doing some math following Tuesday's announcement that UPS and the Teamsters agreed to a new labor contract.
( 26
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Despite the market’s big comeback in 2023, there is still one issue keeping positive sentiment in check; the prospect of a looming recession remains real. Nevertheless, J.P. Morgan Wealth Management’s Global Investment Strategist Elyse Ausenbaugh thinks investors have reason to be upbeat. “There are actually a lot of things for investors to feel pretty good about right now – starting with the economy,” Ausenbaugh opined. “In spite of higher interest rates, the economy has stayed a lot more resil
( 10
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Serial entrepreneur Spencer Rascoff is best known as the co-founder and former CEO of the online real estate marketplace Zillow. He also co-founded Pacaso, a platform that aims to make owning a second home more accessible by offering a shared ownership model. Given his role in creating these platforms, one might think that Rascoff must be a big real estate investor. But that's not really the case. In a recent fireside chat, Arrived Co-Founder and CEO Ryan Frazier asked Rascoff whether he has inv
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The automotive maker's sales grew 6% after seven quarters of year-over-year declines.
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The social-media giant has seen a surge after cutting costs and improving ad-targeting.
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Raymond James cut its rating to Market Perform from Strong Buy. Shares of the big-box retailer are down 14% in the past three months.
( 26
min )
Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids.
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Both big companies said they plan to invest more in infrastructure needed for artificial intelligence. That's great for the chip manufacturer, Jefferies says.
( 26
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Investors had been convinced that the deal, announced more than 14 months ago, would never close.
( 26
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The solar company expects to add 70,000 to 90,000 residential customers this year, down from its previous outlook for 90,000 to 110,000 customers.
( 26
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The German auto maker is investing $700 million in the Chinese EV start-up. The companies will develop two electric vehicles together.
( 26
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Boosted by inflation cooling down significantly, and ongoing strength in the jobs market, economic prognosticators have recently touted the probability of a soft landing for the economy instead of the previously dreaded prospect of a full-blown recession. Steve Eisman, famous for predicting the housing fiasco of 2008 as told in the Big Short, is amongst those taking that optimistic view. “So far, there’s no evidence of a recession,” Eisman said recently. “So as long as there’s no evidence of rec
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min )
Bud Light is in the headlines again. The CEO of Anheuser-Busch InBev (NYSE:BUD), the multinational brewing company behind Bud Light, is reportedly planning to go on a tour this summer to listen to consumers. But "Shark Tank" star Kevin O'Leary, also known as Mr. Wonderful, doesn't believe it will turn things around. "I don't think that's going to work," O'Leary said in a recent interview with Fox Business. "He's going to get an earful, there's no question about it. The problem with that tour and
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Savers who delayed moving cash into higher-interest accounts or bank CDs still have time to earn better returns on their savings.
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AT&T (T), America's biggest telecom company by revenue, reported robust second-quarter earnings as its cost-cutting plan paid off, amid an ongoing 5G rollout and stronger than expected subscriber gains.
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The nation needs workers, but college graduates shun low-skill work. Many have opted out of the job market and are ‘lying flat.’
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In a press release Wednesday, the company said that Prime members would be able to sign up for its $25 plan "seamlessly from the comfort of home."
( 26
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(Bloomberg) -- Just Eat Takeaway.com NV is finding it difficult to complete the sale of its US business, Grubhub Holdings Inc., because of a combination of high price demands from some investors and a weak market for deals, Chief Executive Officer Jitse Groen said. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Fallin
( 31
min )
The railroad company named veteran rail executive Jim Vena chief executive, after a major shareholder called for the current CEO’s removal.
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Union Pacific hired the CEO Wednesday that a hedge fund pressuring the railroad to improve recommended earlier this year, and it cut its outlook after reporting disappointing results driven by weakening consumer demand. The Omaha, Nebraska-based railroad said its former chief operating officer Jim Vena will take over as CEO next month. The Soroban Capital Partners hedge fund that holds a $1.6 billion stake in Union Pacific had been urging the railroad to hire Vena because of his expertise in streamlining operations.
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It's often said that a million dollars isn't as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income - without even touching the principal. While … Continue reading → The post Is $2 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.
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Now might be a good time to buy. That's the takeaway from a recent Morningstar analysis, which reported in on a seeming contradiction in stock prices. The market as a whole, Morningstar writes, is expensive. But those prices are a bargain … Continue reading → The post Looking for Bargain Stocks? Morningstar Says These Are Cheap appeared first on SmartAsset Blog.
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I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.
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If you're looking to receive passive income with your investments, there are many ways to do it. While your best choice will depend on certain factors, such as your age and risk tolerance, there are many ways to invest $20,000. … Continue reading → The post How to Invest $20,000 for Passive Income appeared first on SmartAsset Blog.
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Dividends are the bread and butter of income investors. You don't need to sell your assets or spend hours every day managing your accounts. Instead, dividend stocks simply generate income on their own. Putting together a portfolio that generates at least … Continue reading → The post How to Make $1,000 a Month in Dividends appeared first on SmartAsset Blog.
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How much am I able to earn from an employer if I opt to take my Social Security at age 62 next year? – Glenn To be very clear, you can earn as much money as you want while collecting … Continue reading → The post Ask an Advisor: How Much Money Can I Earn Working After Taking Social Security at Age 62? appeared first on SmartAsset Blog.
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Volkswagen on Wednesday announced two agreements aimed at strengthening the German carmaker's position in the Chinese market, including a partnership between the Volkswagen brand and China's Xpeng Inc to build two new models. Volkswagen and Xpeng agreed to develop two new VW brand models on the MEB platform at Volkswagen's new technology center in Hefei, to be rolled out from 2026 and featuring Xpeng software on autonomous driving.
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Both makers of aircraft engines reported higher earnings than expected, but RTX stock tanked because of a quality problem with a key engine.
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↘️ LVMH (LVMUY): The conglomerate's sales fell slightly in the U.S., in the latest sign that luxury-goods demand [is starting to slow](https://www.wsj.com/articles/lvmh-posts-sharp-rise-
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As real estate investment trusts (REITs) continue to attract investors seeking consistent income, the focus increasingly shifts to dividend yields—a crucial metric for those eyeing regular income streams. This piece explores five publicly traded REITs with impressive dividend yields, providing insights for potential REIT investors looking to expand their portfolios. SL Green Realty Corp (NYSE:SLG) SL Green Realty Corp specializes in acquiring, managing, and maximizing the value of Manhattan comm
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Demand from the automotive industry has emerged as a bright spot for the chip industry at a time other clients are cutting back on orders, as carmakers had faced a severe semiconductor shortage over the past two years and their supply chains have only started normalizing in 2023. Israel-based Tower provides customers with analog and mixed-signal semiconductors, mainly for the automotive and consumer industries.
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Stellantis head Carlos Tavares said on Wednesday that the profitability of Tesla was declining as the rival U.S. automaker entered the real world of manufacturing and competition. "They are entering my world, the world of tight pricing, cost competitiveness, and the operational issues that a big company like ours may face," Tavares told the press, presenting first half results for the Franco-Italian automaker. "The result of the fact that Tesla is now entering my world, is that their profitability moved from more than 17% in the first half of 2022 to 10.5% in the first half of 2023," he said.
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Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defense business. Boeing said it is beginning to increase production of its two most popular airline planes. Boeing is also boosting output of the larger, two-aisle 787 Dreamliner from four to five per month by year end.
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Coca-Cola reports second-quarter adjusted earnings of 78 cents a share on revenue of $12 billion.
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The aerospace giant said it is increasing jetliner production as planned while reducing its debt.
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The cost of work-life balance shouldn't be the working day, career experts told Fortune.
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Its defense business, however, continued to face challenges, with three major fixed-price programs - NASA's Starliner capsule, the U.S. Air Force's T-7 training jet and U.S. Navy's MQ-25 tanker drone - recording about half a billion in charges in the second quarter. Boeing reiterated its plan to generate $3 billion to $5 billion in free cash flow this year, as well as to deliver at least 400 single-aisle 737s and 70 787 Dreamliners in 2023. Boeing Commercial Airplanes head Stan Deal said in June that the company would ramp up narrowbody production to 38 a month "very soon."
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If you’re confused about the rules surrounding required minimum distributions from retirement accounts in 2023, the IRS is offering some much-needed clarification – and relief. A financial advisor can help you plan for RMDs and manage your taxes in retirement. Find a fiduciary advisor today. When the SECURE 2.0 Act was signed into law in […] The post The IRS May Be Cutting You a Break on Your RMDs This Year appeared first on SmartReads by SmartAsset.
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A break below the 50-day simple moving average would shift the focus to long-term support near $25,200, one analyst said.
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(Bloomberg) -- JPMorgan Chase & Co. sees an opportunity in gold ahead of a likely US recession, predicting prices will push past $2,000 an ounce by year-end and hit fresh records in 2024 as interest rates start to fall.Most Read from BloombergChina Replaces Foreign Minister After Mysterious AbsenceRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley Says‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand Valu
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The telecom firm posted free cash flow of $4.2 billion in the three months ended June, compared with analysts' estimates of $3.60 billion, according to Visible Alpha. The results marked an improvement from the first quarter and showed the benefits of a cost-cutting plan that helped shave off more than $1 billion in operating expenses during the reported period through measures such as a reduction in office locations. A lower cost bill is crucial for AT&T as it needs a steady flow of cash to service its net debt of $132 billion and support a dividend that is among the highest for U.S stocks.
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(Bloomberg) -- Three Japanese market veterans ruminating over beer in Tokyo whether Chinese debt is the deal of the century or the road to ruin sum up the dilemma global investors face in deciding to play in the world’s second-largest bond market.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Falling as Supplies Remai
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Both Microsoft and Alphabet report better-than-expected earnings and highlight their investments in artificial intelligence, Snap stock tumbles on a disappointing revenue forecast, PacWest Bancorp is being acquired, and AT&T is scheduled to post quarterly results.
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U.S.-European carmaker Stellantis on Wednesday reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe. Sales of all-electric vehicles rose by 24% to 169,000 vehicles as Stellantis became the third-largest producer of EVs in Europe, led by the Fiat New 500, Open Mokka and Citroen Berlingo. Stellantis has 25 electric vehicles on the market and is launching another 23 by the end of next year.
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(Bloomberg) -- In what was a brutal 2022 for investors, there was at least one sure-fire, money-making proposition for much of the year. All they had to do was buy stocks and bonds seconds before Federal Reserve Chair Jerome Powell began speaking at his post-FOMC press conference and dump them as he was wrapping up.Most Read from BloombergChina Replaces Foreign Minister After Mysterious AbsenceRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley Says‘We Were Wrong’: Morgan
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Deutsche Bank reported a fall in quarterly profit on higher costs. But it will resume share buybacks as revenue continues to rise.
Some highlights from second-quarter earnings at Germany's biggest bank:
Net profit fell 22% to €940 million, or about $1 billion, topping consensus forecasts for €74
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If you've been hiding out in cash, consider adjusting your portfolio.
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TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault's new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their restructured partnership after months of negotiation clouded by tension. Talks between the two had dragged on months longer than expected, Reuters has reported, due in part to Nissan's concern about protecting its intellectual property in future collaborations.
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The now-dead pedophile's massive cash withdrawals rang alarm bells at JPMorgan, but he was also one of the bank's most important clients.
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FRANKFURT (Reuters) -Deutsche Bank posted on Wednesday a 27% fall in second-quarter profit as investment banking revenues slumped, but the drop was lower than expected as higher interest rates fuelled gains at the retail division. Net profit attributable to shareholders was 763 million euros ($843.04 million), down from 1.046 billion euros a year earlier but better than analyst expectations for profit of around 571 million euros. The German lender downgraded its outlook for the investment bank, saying it now expected revenues to be slightly lower in 2023, compared to a previous forecast for flat revenue.
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The Street sees strong trends in Meta's ad business. But the focus will be on what the company plans to do in AI.
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min )
Learn how covariance is used to reduce risk in modern portfolio theory, how covariance is calculated and how it is used to provide portfolio diversification.
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min )
An environment where interest rates are rising can offer opportunities within the equity space. These are the sectors that tend to benefit from rising rates.
( 26
min )
Student debt refers to loans used to pay for college tuition and repaid after the student graduates or leaves school.
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min )
The S&P 500 was little changed on Wednesday, July 26, 2023 after the Federal Reserve raised interest rates to fight inflation.
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min )
Dow nearly gives up a 170-point intraday trading gain before finishing in the green for the 13th straight session.
( 17
min )
TI shares lost ground after the semiconductor maker warned a slump in demand would impact current quarter results.
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min )
Amazon's Generative AI service is intended to save doctors' time spent on healthcare documentation.
( 17
min )
It takes a good credit score to get favorable mortgage rates, but how you pay a mortgage will shape your score. Just having one can lower it at first.
( 22
min )
Boeing was the best-performing stock in the Dow after the plane maker reported a lower-than-expected quarterly loss and a big jump in aircraft deliveries.
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Interest rates have gone up yet again, putting more pressure on borrowers who are already paying nearly $700 a month more for typical loans than when the Fed’s anti-inflation battle began.
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min )
The SEC enhanced rules Wednesday that will impact trading platforms such as Robinhood (HOOD) that use predictive analytics to encourage trading. The move comes nearly two and a half years after 'gamification of trading' helped fuel the meme stock frenzy.
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min )
Homo economicus is a financial term that refers to the belief that a human is a rational person who makes economic decisions that are always in their own self-interest.
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Real estate valuation helps you choose better investments. Learn what capitalization rate means and techniques for valuing real estate.
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min )
With the economy’s inflation fever showing signs of breaking, the Fed is administering more of its tough medicine.
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min )
The best CDs are already paying record rates, but today's Fed rate hike could nudge them higher still. Here's what to expect for CD rates going forward.
( 17
min )
New home sales dropped 2.5% from May but were up 23.8% year-over-year.
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min )
Learn more about the impact of supply and demand in an economy. Find out why companies study supply and demand as part of market research.
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min )
Discover how globalization can lead to unprecedented economies of scale for firms across the world, leading to higher global efficiency and productivity.
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min )
With Industrias Penoles leading the pack, these are the 10 biggest silver mining companies by 12-month trailing revenue.
( 21
min )
Snap shares sank as the owner of the Snapchat app warned about current-quarter revenue amid a slump in ad demand.
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min )
Learn when mutual funds update their price or net asset value (NAV) and why this is different for open-end mutual funds versus closed-end funds.
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min )
U.S. equities were mixed and little changed at midday on Wednesday, July 26, 2023, ahead of the Fed's decision on interest rates.
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The automotive maker's sales grew 6% after seven quarters of year-over-year declines.
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min )
The global beverage giant sees increased 2023 profit and revenue on higher prices, as global case volume stays flat.
( 17
min )
A 5/6 hybrid adjustable-rate mortgage (ARM) has an initial fixed interest rate for five years, then adjusts every six months.
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min )
Robert Half shares dropped after its earnings and revenue missed analysts' estimates as clients cut back on hiring because of macroeconomic uncertainty.
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min )
A balloon mortgage is a loan with low initial payments but requires the borrower to repay the balance in full in a lump sum.
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AT&T (T), America's biggest telecom company by revenue, reported robust second-quarter earnings as its cost-cutting plan paid off, amid an ongoing 5G rollout and stronger than expected subscriber gains.
( 19
min )
Discover why gross national income may be a better economic metric than gross domestic product when a country receives substantial income from foreign sources.
( 21
min )
There’s no shame in having medical debt that you can't pay. Here's how to get help.
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min )
Variable universal life (VUL) insurance is a permanent life insurance policy with a savings component in which cash value can be invested.
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min )
ADRs of Alibaba and Meta shares rose after the Chinese company said the American tech giant's AI model can be used by enterprise clients of Alibaba Cloud.
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min )
Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all-stock deal.
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min )
There is no limit to the number of times you can refinance a car loan, so you could refinance as many times as you like. Here's how to know if it makes financial sense.
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Currencies can provide diversification for a portfolio that's in a rut. Find out which ones you need to know.
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min )
Microsoft shares lost some of the recent momentum generated by its push for artificial intelligence (AI) as the company's fourth quarter earnings report highlighted a slowdown in its Azure cloud and Windows PC businesses.
( 18
min )
A pick up in advertising revenue in the second quarter for search and YouTube, helped parent Alphabet Inc. beat analyst estimates after weak ad spending driven by macroeconomic concerns dragged earnings in prior quarters.
( 18
min )
Visa's Q3 profit rose 22% year-over-year as consumers continue to spend, especially on travel. However, shares traded slightly in the red after-hours as profit rose over the previous quarter at the slowest pace since 2021.
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min )
Mortgage interest is not deductible in Canada, but this strategy could allow you to get the financial benefit anyway.
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Het Openbaar Ministerie (OM) is een strafrechtelijk onderzoek gestart naar Heineken. Dat bevestigt een woordvoerder aan het ANP na eerdere berichtgeving van het AD. De bierbrouwer zou blikjes zonder statiegeld hebben gebruikt toen dat al niet meer mocht.
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De Federal Reserve, het Amerikaanse stelsel van centrale banken, heeft de rente voor de elfde keer op rij verhoogd. Er komt een kwart procentpunt, of 25 basispunten, bij. De belangrijkste rentestand komt daarmee op het hoogste punt in 22 jaar.
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min )
Coca-Cola heeft in het tweede kwartaal een derde meer winst gemaakt dan in dezelfde periode vorig jaar. Dat komt vooral doordat de frisdrankproducent de prijzen heeft verhoogd.
( 3
min )
Twitter verandert in X. Het officiële account van het sociale netwerk heet inmiddels al X. De vorige eigenaar van @X moest zijn profiel afstaan. "Ze hebben het me in principe gewoon afgenomen", zegt hij tegen de Britse krant The Telegraph.
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min )
De inkomsten van LVMH, het bedrijf achter luxemerken als Louis Vuitton en Tiffany's, stegen in het eerste half jaar met 15 procent. Vooral in Europa en Azië liepen de verkopen flink op.
( 3
min )
Logius heeft in juni 3.154 actieve DigiD-accounts van Nederlandse burgers verwijderd. Dat deed de overheidsinstantie, omdat de accounts werden aangeboden op de criminele handelswebsite Genesis Market.
( 3
min )
Nu de prijzen van tomaten in India met 500 procent zijn gestegen, grijpen mensen daar massaal naar de tomatenpuree. In de Indiase keuken blijft de verse tomaat steeds vaker achterwege.
( 3
min )
Samsung kondigde dinsdag twee nieuwe vouwtelefoons aan: de Galaxy Z Flip 5 en de Galaxy Z Fold 5. Hoewel de wowfactor minder wordt, ziet het Zuid-Koreaanse merk nog een grote toekomst weggelegd voor opvouwbare telefoons.
( 6
min )
De inkomsten van LVMH, het bedrijf achter luxemerken als Louis Vuitton en Tiffany's, stegen in het eerste half jaar met 15 procent. Vooral in Europa en Azië liepen de verkopen flink op.
( 3
min )
Autobedrijven laten ronkende verkoopcijfers zien over het eerste half jaar van 2023. Maar een deel van de verkochte auto's is eigenlijk vorig jaar al besteld. De orderboeken van Nederlandse autodealers zijn nu leger dan vorig jaar.
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min )
Just Eat Takeaway, het moederbedrijf van Thuisbezorgd, verkocht in de eerste zes maanden van dit jaar 12 procent minder maaltijden. Begin vorig jaar gingen extra veel maaltijden over de toonbank, omdat toen nog lockdowns van kracht waren.
( 3
min )
Meta moet in Australië een boete van 20 miljoen dollar betalen. Het bedrijf verzamelde persoonlijke gegevens van mensen die een VPN-app gebruikten, waarmee hun privacy juist beter beschermd moest worden.
( 3
min )
Het Franse yoghurtjesbedrijf Danone neemt voor nu afscheid van haar bezittingen in Rusland. De bestuursleden en de CEO zijn inmiddels allemaal vervangen, zonder inspraak of toestemming van Danone zelf.
( 3
min )
Alphabet, het moederbedrijf van Google, boekte meer winst in het tweede kwartaal dan een jaar eerder. Microsoft zag de winst zelfs stijgen met 20 procent. Dat hebben de concurrenten onder meer te danken aan de opbrengst van hun clouddiensten.
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min )
De online winkel Pieter Pot heeft klanten gevraagd om extra geld op hun accounts te zetten. Dat moet leveranciers weer het vertrouwen geven om de schappen van de verpakkingsvrije winkel te vullen. Een ludieke actie of een laatste noodgreep?
( 6
min )
South Korea's SK Hynix posted a quarterly operating loss on Wednesday as overall memory chip prices remained low due to weak demand. The world's second-biggest memory chipmaker reported a 2.9 trillion won ($2.28 billion) operating loss in the April-June quarter, from 4.2 trillion won profit a year earlier. This compared with expectations for a 2.7 trillion won operating loss, according to 22 analyst views compiled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate.
( 39
min )
The US Virgin Islands included the detail in a new filing for a lawsuit alleging JPMorgan knew for years that Epstein was trafficking girls for sex.
( 6
min )
Everything around us is being electrified, but where Tesla may be the standard in electric cars, there are a couple of competitors that are rapidly gaining market share
( 16
min )
(Bloomberg) -- Texas Instruments Inc., the biggest maker of analog semiconductors, gave a lukewarm earnings forecast for the current period, indicating that a slump in demand for key types of electronics is dragging on.Most Read from Bloomberg‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaChina Replaces Foreign Minister After Mysterious AbsenceTwitter Turning Into X Set to Kill Billions in Brand ValueMusk Explains Why He’s Axing Twitter Name, Iconic Bird LogoWho Wants to Keep Hi
( 7
min )
Visa Inc. said its adjusted third-quarter profits rose by nearly double digits, as the global payments company continues to benefit from the broad shift by consumers to using credit and debit cards instead of cash. Excluding that one-time cost, Visa's adjusted profits rose 7% from a year earlier. Visa said its payments volume rose 9% from a year earlier, while the number of processed transactions on Visa's network increased 10% from a year earlier.
( 7
min )
(Bloomberg) -- New errors with RTX Corp.’s Pratt & Whitney jet engines pushed the aviation and defense giant from its perch as the world’s most valuable aerospace company on Tuesday, losing $15 billion in market capitalization over the course of the trading day. Most Read from BloombergChina Replaces Foreign Minister After Mysterious Absence‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand ValueRolex, Patek Prices to Keep Falling
( 7
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There have been abundant returns for investors this year as the markets have staged a remarkable comeback following 2022’s rout. But with both the S&P 500, and particularly the NASDAQ, delivering excellent returns, the big hitters have been responsible for much of the market gains. Raymond James CIO Larry Adam summed it up, saying, “Narrow leadership has been a key theme in the positive performance year-to-date, with mega-cap tech the main driver of the market’s performance… In our 3Q Outlook, w
( 10
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Singapore sovereign wealth fund GIC, one of the world's biggest investors, plans to continue investing in China despite geo-political tensions after chalking up its best showing in eight years in the financial year ended March. Its group chief investment officer Jeffrey Jaensubhakij told Reuters GIC was keen to invest in Chinese companies that do business within China and do not export to the United States. "There are some 'China for China' type of investments that still make sense," he said.
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The new CEO of the #Scottsdale company has 17 years of experience in the firearms and ammunition sector. #phoenix $POWW
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Porat will remain CFO while the company searches for and selects her successor.
( 7
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The telecommunications company is expected to report second-quarter earnings of 60 cents a share on revenue of $29.96 billion.
( 26
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Analysts are expecting a per-share loss of 88 cents from sales of $18.5 billion. But estimates are wide, from a loss of almost 1.30 to a loss of 35 cents.
( 26
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Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share. CEO Satya Nadella said the company remains focused on “leading the new AI platform shift.” Microsoft was an early mover in this year's hype around “generative AI” tools that can help people write documents and create new images and other media.
( 8
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The company kicks off the profit-reporting season for the U.S. chip-manufacturing industry.
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Shares of RTX, formerly Raytheon, plunged as the company revealed it is dealing with a defective engine part.
( 17
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The billionaire investor Leon Black was sued on Tuesday by an autistic woman who says he raped her in the disgraced financier Jeffrey Epstein's mansion in Manhattan in 2002, when she was 16. In a complaint filed in Manhattan federal court, the woman, using the pseudonym Jane Doe, said that as she was preparing to give Black a massage, Black pinned her down and penetrated her with sex toys, causing her to bleed. She said Epstein later found her crying, but refused to let her see a doctor and said longtime associate Ghislaine Maxwell would take care of her.
( 6
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Google-parent Alphabet's second-quarter revenue exceeded Wall Street expectations on Tuesday, helped by steady demand for its cloud services and a rebound in advertising. Revenue for the quarter ended June 30 stood at $74.6 billion, compared with estimates of $72.82 billion, according to Refinitiv data.
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In the land of the bears, Tom Lee is the bull that had a 2023 stampede. “Corporate resilience” should never be counted out, he told CNBC.
( 8
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The S&P 500 is rising partly because investors think the Fed is nearly finished increasing interest rates to rein in rising prices.
( 26
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A Houston-based company's refinery — which was purchased from Shell last year — has exceeded expectations despite supply disruption.
( 10
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Ballmer joined Microsoft as its 30th employee, but thanks to his equity stake and the AI boom, he now ranks as the world's sixth-wealthiest person.
( 7
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Generative AI capabilities can create long-term monetization opportunities for the company, New Street Research says.
( 26
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Hundreds of Facebook users blasted the home improvement retailer for firing 13-year employee Donna Hansbrough.
( 6
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Shares of PacWest fell shortly after The Wall Street Journal reported that Banc of California is in advanced talks to buy the lender.
The move comes as the two lenders work to shore themselves up follow
( 21
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The move by the lenders would aim to further shore themselves up following a regional-banking crisis earlier this year.
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Meme stocks have surged in the last few weeks as retail investors shun pricier stocks for cheaper speculative names, but some experts worry that this could choke the current rally in broader markets. At a time when the wider rally has made some stocks, especially in the tech space, too expensive, the return of meme stocks is offering retail investors a more affordable option to participate in 2023's market rebound and pocket big returns. Roundhill's Meme index hit a one-year high last week and was last up 60% for 2023 so far, dwarfing gains of more than 18% recorded by the benchmark S&P 500.
( 8
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I’m 77 years old and I requested my 401(k) fund administrator to prepare my RMD. I was told I do not have to withdraw my money if I am still employed. Please confirm if this in fact an IRS rule or that of the fund management company? -Bea That is correct, Bea. If you are […] The post Ask an Advisor: I’m 77 and Still Working. Is it True That I Don’t Have to Take RMDs? appeared first on SmartReads by SmartAsset.
( 8
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Arlington defense giant RTX reported strong second-quarter earnings Tuesday but the results were overshadowed by the disclosure of a manufacturing defect that could reduce the lifespan of its Pratt & Whitney jet engines.
( 11
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The five-year labor deal would prevent strike by roughly 330,000 package delivery drivers and package sorters.
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The company has become a leader in generative AI technology thanks to its cloud infrastructure and relationship with OpenAI.
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UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike. The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.
( 6
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Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week.
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It’s been a red hot summer for travel and for airline stocks. But the inevitable turbulence has arrived in the slightly surprising form of Alaska Air’s earnings.
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Alphabet set to release earnings on Tuesday after Wall Street closes its trading day.
( 11
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Disney downgraded, Meta Platforms upgraded: Wall Street's top analyst calls
( 8
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(Bloomberg) -- Markets should brace for a deep US recession that warrants a dramatic one percentage-point interest-rate cut by the Federal Reserve, warned DoubleLine Capital’s Jeffrey Sherman.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record
( 8
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Since the beginning of January, we’ve seen a steady rise in the stock markets. The NASDAQ is up 35% so far this year, and the S&P 500 has gained 19%. There has clearly been a shift in investor sentiment, away from last year’s bear market. The shift makes sense. The annualized rate of inflation peaked at 9.1% last June, fell to 6.5% by December, and has since fallen further. The June 2023 data showed annualized inflation at just 3%. Additionally, Goldman Sachs currently assesses the probability o
( 10
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(Bloomberg) -- IRobot Corp. tumbled after Amazon.com Inc. lowered the price it’s paying for the Roomba maker to $51.75 per share from $61 per share.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitIRobot has entered into
( 7
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The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.
( 7
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If $1 million was once the consensus target for retirement savings in the U.S., that appears to be changing. A recent Schwab Retirement Plan Services survey found that 401(k) plan participants across the country now believe they must save $1.9 … Continue reading → The post 401(k) Plan Participants Say They Need to Save This Much to Retire appeared first on SmartAsset Blog.
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Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.
( 12
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For a married couple approaching retirement, few things carry more significance than knowing how much income they’ll need to maintain financial stability and live comfortably after they stop working. Budgeting for retirement involves estimating your post-retirement income and calculating your essential and discretionary expenses. This approach helps you to avoid financial pitfalls and increases the […] The post What Is a Good Monthly Retirement Income for a Couple? appeared first on SmartReads b
( 9
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"We're bouncing along the bottom of a global industrial slowdown," CFO Howard Ungerleider tells Barron's.
( 26
min )
The music streaming platform's losses widened in the second-quarter as it incurred higher music royalty costs, and felt the impact of podcast cuts.
( 26
min )
Musk spent $44 billion to buy access to Twitter's installed user base, but he may now find it difficult to protect his investment from commercial theft.
( 8
min )
The X-ray and ultrasound machine maker managed to keep its costs in check while also seeing an improvement in production and pricing due to availability of electronic components, an issue it had been grappling with along with other industries. GE HealthCare's cost of products rose nearly 9% in the second quarter from a year ago, compared to a faster 11% growth in sales. Johnson & Johnson and Abbott Laboratories, which make medical devices like heart stents and implants, surpassed quarterly profit estimates last week as patients underwent their delayed procedures.
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The manufacturer reported a profit of 68 cents a share. while Wall Street was looking for 46 cents. It's the kind of news needed to keep the stock rising.
( 26
min )
NextEra Energy Inc second-quarter profit beat Wall Street estimates on Tuesday, helped by strength in the company's renewable energy unit. Countries have been embracing renewable power in the wake of climate change concerns and global energy uncertainty due to the Russia-Ukraine conflict, with NextEra, the world's largest producer of wind and solar energy, being a major beneficiary. The company's regulated utilities business, Florida Power & Light, added 66,000 more customers year-on-year, boosting its top line while its clean energy unit, NextEra Energy Resources, added 1,665 megawatts of new renewables and storage projects in the second quarter.
( 6
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The manufacturer cites strong orders for jet engines and wind turbines.
( 26
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RTX cuts full-year expectations for free cash flow because of an issue with Pratt & Whitney engines.
( 26
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The chemicals company beat Wall Street expectations but the outlook is disheartening.
( 26
min )
The company raised its earnings expectations for the year despite swinging to a quarterly loss.
( 26
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Despite mass mandates for workers to return to the old way of working—in an office from 9 a.m. to 5 p.m.—bosses aren’t having any luck keeping bums on seats until end of play.
( 7
min )
Verizon Communications on Tuesday posted a surprise rise in wireless subscriber additions as more users upgraded their mobile phones to access its super-fast 5G network in a highly competitive market. The carrier has been trying to aggressively build out its 5G network in the United States, in hopes that it would give it an edge over cheaper offerings from rival telecom players such as T-Mobile. Verizon, whose plans typically cost more than its peers, added 8,000 net monthly bill-paying wireless phone subscribers in the second quarter, compared with estimates for a loss of 11,000, according to analysts polled by Factset.
( 7
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Investors have pinned their hopes on Leqembi, which Biogen sells with Eisai, to power growth as money spinner multiple sclerosis and spinal muscular atrophy (SMA) treatments face fierce competition from cheaper versions and rival drugs. "Biogen's business is in transition," CEO Christopher Viehbacher said in a statement. The company had said in April it would pause or discontinue at least four studies of experimental drugs to focus on more lucrative options including the Leqembi launch and trim costs.
( 7
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Verizon, whose plans typically cost more than its peers, added 8,000 net monthly bill-paying wireless phone subscribers in the second quarter, compared with estimates for a loss of 11,000, according to analysts polled by Factset. Its results come as the sector is rattled by a Wall Street Journal report on July 9 that the company and AT&T were among several telecom operators that abandoned a sprawling network of lead-clad cables, which might have contaminated water and soil. Verizon's total revenue fell 3.5% to $32.6 billion in the quarter ended June 30, missing analysts' estimates of $33.24 billion, according to Refinitiv data.
( 6
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A plan to tax high-income, older Americans' catch-up 401(k) contributions is set to launch in January, but a myriad of issues could force a delay.
( 8
min )
Shares of cloud security company F5 surge on better-than-expected earnings. Logitech raises guidance, and Cadence Design stock falls even after an improved outlook. Earnings reports are expected Tuesday from General Electric, General Motors, Microsoft, and Alphabet.
( 26
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(Bloomberg) -- Warren Buffett’s multibillion-dollar purchases of oil and gas investments early in the pandemic paid off when the sector cranked out record earnings in 2022. But instead of selling out for a huge profit this year, the Oracle of Omaha wants more. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is
( 9
min )
🔎 General Electric (GE): The industrial conglomerate is among the companies scheduled to report earnings ahead of the opening bell, along with General Motors (GM), [Raytheon (RTX)](https://www.
( 22
min )
(Bloomberg) -- The Federal Reserve is reaching a pivotal moment in its fight against inflation. After more than a year of solid agreement that higher interest rates were needed, differences among policymakers have started to deepen as they weigh when to stop hiking and how long to keep rates elevated.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Econom
( 9
min )
The Street forecasts the Google parent had earnings of $1.34 a share on sales of $72.86 billion.
( 26
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Unilever on Tuesday reported better-than-expected underlying quarterly sales as the maker of Dove soap and Ben & Jerry's ice cream again raised prices to make up for higher costs. The British company reported a 7.9% rise in underlying sales, beating analysts' average forecast of a 6.4% increase, a company-provided consensus showed.
( 6
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Shares of the software giant are up 44% so far this year, recently setting a record high.
( 26
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With the S&P 500 about 10% higher than where it stood in February, corporate insiders are behaving as though they believe the market’s upside potential is largely exhausted.
( 26
min )
(Bloomberg) -- Chinese stocks and the yuan rose sharply after Beijing signaled fresh support for the struggling economy, including further easing of policy curbs in the troubled property sector. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Reco
( 6
min )
Billionaire Elon Musk's decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future. "There's a 100% chance that Twitter is going to get sued over this by somebody," said trademark attorney Josh Gerben, who said he counted nearly 900 active U.S. trademark registrations that already cover the letter X in a wide range of industries.
( 7
min )
(Bloomberg) -- Chinese stocks are set to advance Tuesday after US-listed shares of mainland companies recorded their biggest one-day gain since early February, spurred by vows from Beijing of further support for the nation’s struggling economy.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of
( 9
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The information sector, which is made up of tech and media companies, was hit the hardest by layoffs over the past year, according to an analysis by Investopedia. Despite the disproportionate impact on tech and media, layoffs remain at historic lows across other industries.
( 20
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When stocks are stagnant and fixed-income yields are crumbling, RCNs can benefit investors.
( 21
min )
Simply put, realized profits are gains that have been converted into cash.
( 23
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track CD rates daily from more than 200 banks and credit unions.
( 20
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A 15-year mortgage costs you less since the total interest paid is less than a 30-year, but there are both pros and cons to a 15-year loan.
( 26
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If you’re looking for a flexible way to earn more interest on your savings, Fidelity Investment’s Cash Management Account offers a modest APY and unique perks worth considering.
( 22
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If you are upgrading your home, here are factors to consider so you don't spend more money than you need to.
( 25
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The state of the U.S. economy has economists divided, so much so that some see a recession as unavoidable while others consider it virtually impossible.
( 21
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
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U.S. markets continued their rally, with the S&P 500 up 0.3% on Tuesday, July 25, 2023, on the strength of corporate earnings reports.
( 16
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3M posted a loss because of "forever chemical" charges, but its adjusted earnings beat forecasts as the firm streamlined operations.
( 16
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Shares of RTX, formerly Raytheon, plunged as the company revealed it is dealing with a defective engine part.
( 17
min )
Interactive Brokers expanded its overnight trading offerings to include more than 10,000 US stocks and ETFs, one of the widest offerings available to investors.
( 17
min )
Personal loan rates eased slightly this week to 20.55%, dropping a single basis point since last week when the average personal loan rate sat at 20.56%.
( 18
min )
The XLF or Financial Select Sector SPDR Fund seeks to track the S&P Financial Select Sector Index.
( 20
min )
The deal between UPS and the union, which represents 330,000 of its U.S. workers averts a possible strike Aug. 1, when the current agreement between the two parties expires.
( 17
min )
Underwriting risk is a term for the risk of loss from underwriting activity, and greatly affects the profits that an insurance company can earn.
( 18
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Credit reports containing information belonging to someone else was the most common complaint, with improper use of credit reports being another top issue.
( 17
min )
General Motors (GM) posted better-than-expected results and raised its outlook again, but concerns about the carmaker’s cost cutting and electric vehicle (EV) production sent shares lower.
( 17
min )
In the wake of this year's banking crisis, the FDIC is pressing banks to fix the way they report uninsured deposits, or those that exceed the agency's $250,000 insurance limit.
( 18
min )
Learn about investing in Africa. Our guide covers the best ways to invest in Africa, including stocks, ETFs, mutual funds, ADRs, and real estate.
( 25
min )
U.S. home prices rose in May for the fourth month in a row, according to the S&P CoreLogic Case-Shiller National Home Price Index.
( 17
min )
Reconciliation is an accounting procedure that compares two sets of records to check that the figures are correct and in agreement.
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An amalgamation is a combination of two or more companies into a new entity. Amalgamation is distinct from a merger because neither company involved survives as a legal entity.
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A baby boomer is a person born between 1946 and 1964, part of a large generation that continues to have a significant impact on the economy.
( 27
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Spotify Technologies added a record quarterly number of new users to its streaming music platform, but its loss, sales, and guidance came in worse than expected after its efforts to cut costs, and shares tumbled.
( 17
min )
Apple is facing a $1 billion lawsuit in the UK for charging 15% to 30% in fees on sales made through its iOS App Store.
( 17
min )
The U.S. equities rally continued at midday on Tuesday, July 25, 2023, after more positive earnings news.
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The TMX Group is a large Toronto-based financial services company that operates Canadian exchanges and services dealing in multiple asset classes.
( 20
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Shares of Unilever PLC (UL) were up almost 5% on Tuesday morning following a second-quarter earnings beat by the consumer goods giant.
( 17
min )
Origination is the process of creating a home loan or mortgage. It involves numerous steps and participants, and you can't get a mortgage without it.
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Strong subscriber growth amid a successful 5G rollout propelled better-than-expected earnings at Verizon (VZ), even as profits fell from the year-ago quarter.
( 17
min )
Active-duty members of the military, the National Guard, and reservists are eligible for financial assistance for education. So are their spouses.
( 22
min )
General Electric raised its full-year guidance for earnings and revenue after reporting a 37% year-over-year increase in profit.
( 17
min )
The decline in rents may be the start of a trend, according to Realtor.com.
( 17
min )
See how the rate of interest in an economy helps coordinate savings, lending, and investing.
( 21
min )
Take a deeper look at the nature of supply shocks, an economic phenomenon that dramatically changes the equilibrium level of production.
( 23
min )
A derivatives transaction execution facility (DTEF) focuses on derivative transactions with underlying assets of excluded commodities or assets.
( 21
min )
Owner financing involves a seller financing the purchase directly with the buyer. It can offer advantages to both parties.
( 25
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Financial inclusion is the effort to make financial products and services available and affordable to all individuals and businesses.
( 25
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You lose any remaining funds in your flexible savings account at the end of the year. Here is a list of what you can buy with the cash.
( 22
min )
VanMoof-fietsers die hun fiets ter reparatie nog bij de winkel hadden staan toen die dichtging, kunnen hun rijwiel in de komende weken ophalen. Tot 18 augustus kunnen ze een afspraak maken voor het ophalen van hun waarschijnlijk nog steeds kapotte fiets.
( 4
min )
Halsoverkop naar huis vanaf je vakantieadres: het overkomt Nederlanders in het zuiden van Europa op dit moment. NU.nl sprak met experts over wat je kunt doen en waar je recht op hebt als je week aan het strand wordt afgekapt.
( 5
min )
Vliegmaatschappijen accepteren niet dat Schiphol mag krimpen. Een groot aantal maatschappijen gaat in cassatie tegen een uitspraak van de rechter die Schiphol toestaat om het aantal vluchten op de luchthaven flink te beperken.
( 3
min )
Unilever weigert uit Rusland te vertrekken vanwege de oorlog in Oekraïne. Volgens topman Hein Schumacher is blijven "de minst slechte optie". Zo voorkomt het bedrijf achter Calvé, Magnum en Dove dat Rusland activiteiten van Unilever daar nationaliseert.
( 3
min )
Geld lenen bij banken wordt steeds minder aantrekkelijk, merkt de Europese Centrale Bank (ECB). Banken zijn strenger en maken lenen duurder. En dat is precies de bedoeling van de reeks renteverhogingen van de ECB, die deze week een vervolg krijgt.
( 5
min )
Het aantal mensen dat in de afgelopen drie maanden een Spotify Premium-abonnement afsloot, is flink gestegen. De muziekdienst heeft inmiddels ruim 220 miljoen betalende abonnees wereldwijd. Toch komt er binnenkort een prijsverhoging aan.
( 4
min )
Levensmiddelenconcern Unilever heeft opnieuw geprofiteerd van de hogere prijzen voor zijn producten. Het bedrijf achter merken als Dove, Marmite, Knorr, Rexona en Magnum zag de omzet en winst in de eerste zes maanden van dit jaar stijgen.
( 3
min )
De krapte op de arbeidsmarkt in ons land blijft zorgelijk. Ruim 3,3 miljoen werkenden hebben een beroep dat als zeer krap kan worden omschreven. Vooral in de techniek zijn bedrijven op zoek naar personeel.
( 4
min )
Modegigant H&M heeft zijn concurrent Shein voor de rechter gesleept. De Zweedse retailer zegt dat zijn Chinese rivaal zonder toestemming kleding kopieert. H&M wil nu een schadevergoeding.
( 3
min )
Steeds meer mensen weten hun weg te vinden naar de sportscholen van Basic-Fit. De fitnessketen zag het aantal abonnementen in de eerste zes maanden van dit jaar fors stijgen.
( 3
min )
De politie zegt de grootste Nederlandse gebruiker van de criminele handelswebsite Genesis Market te hebben opgepakt. Met die aanhouding denken ze "een grote slag" in het onderzoek te hebben geslagen.
( 3
min )
Betaald krijgen om stroom te gebruiken, tot voor kort was het ondenkbaar. Maar inmiddels duiken elektriciteitsprijzen vrijwel elk weekend in de min, wat vooral gunstig is voor wie een dynamisch energiecontract heeft. Worden prijzen onder nul voortaan normaal?
( 4
min )
Betaald krijgen om stroom te gebruiken, tot voor kort was het ondenkbaar. Maar inmiddels duiken elektriciteitsprijzen vrijwel elk weekend in de min, wat vooral gunstig is voor wie een dynamisch energiecontract heeft. Worden prijzen onder nul voortaan normaal?
( 4
min )
The Home Mortgage Disclosure Act (HMDA) is a federal law mandating lenders to maintain records on individual mortgages to help reveal whether they are complying with fair housing laws and meeting community needs.
( 24
min )
Speaking at an event in New York City, FTC Chair Lina Khan addressed the agency’s recent setbacks in court, and suggested that its crackdown against big tech could continue.
( 18
min )
Effective immediately, most unannounced visits from the IRS will halt, except in rare circumstances.
( 17
min )
Identity theft isn't covered by the FDIC, so find out what steps you can take to prevent or report this type of consumer fraud.
( 21
min )
Goldman Sachs and Morgan Stanley have distinct ways of doing business, with one focusing on high rewards and the other on caution.
( 20
min )
U.S. equities gained after better-than-expected second quarter earnings reports, with the S&P 500 rising 0.4% on Monday, July 24, 2023.
( 16
min )
Emerging markets like India are engines for future growth. Find out how you can participate.
( 26
min )
Learn the most commonly selected periods used by traders and market analysts in creating moving averages to overlay as technical indicators on charts.
( 23
min )
A swimming pool is enormous fun, but will it boost your home's sale price? Here are six home improvements that don't add the value that owners expect.
( 27
min )
The Federal Reserve is widely expected to raise its benchmark interest rate by a quarter-point on Wednesday, with the real question being what the central bank will do (or not do) to combat inflation for the rest of the year.
( 18
min )
Identify subtle differences between two excellent investment opportunities, the Vanguard 500 Index Fund and the SPDR S&P 500 ETF.
( 20
min )
Chevron shares rose after predicting second quarter earnings that beat analysts’ estimates on record production in the Permian Basin.
( 16
min )
Indexed universal life insurance can help you build wealth and leave a death benefit to your loved ones. However, it has advantages and disadvantages to consider.
( 27
min )
The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in March.
( 17
min )
Spotify shares slid after announcing plans to raise prices for its premium subscription plans Monday.
( 16
min )
Shares of Becton Dickinson rose to their highest level since 2020 after the FDA gave 501(k) clearance to Becton Dickinson's updated BD Alaris Infusion System.
( 16
min )
A home equity loan is one way to pay off your credit card debt. It generally has a lower interest rate, but it can also put your home at risk.
( 25
min )
Renters can help you cover your mortgage payments, but property location, price, and privacy are just a few of the things to consider when you buy a two-family home.
( 24
min )
More than half of CEOs globally are experimenting with generative AI, algorithms that can generate content using a set of inputs, a joint survey by Fortune and Deloitte found.
( 18
min )
AMC Entertainment Holdings shares skyrocketed after the theater chain filed a revised stock conversion proposal, and the releases of "Barbie" and "Oppenheimer" drew big crowds over the weekend.
( 18
min )
The earnings-fueled stock market rally continued at midday on Monday, July 24, 2023.
( 17
min )
A fixed-rate mortgage is an installment loan that has a fixed interest rate for the entire term of the loan.
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Find out how Morningstar ranks and rates investments, and why the Morningstar star system is so heavily influenced by modern portfolio theory (MPT).
( 20
min )
Domino's shares rose after reporting better-than-expected earnings, boosted by its overseas business.
( 16
min )
A pip is the smallest price increment (fraction) tabulated by currency markets to establish the price of a currency pair.
( 26
min )
Brian Stelter, the special correspondent for Vanity Fair, and the host of The Hive podcast, explains what's really behind the actor and writer strikes facing the entertainment industry, and how artificial intelligence (AI) is changing the industry forever.
( 18
min )
Johnson & Johnson offers its shareholders the choice to exchange its shares for Kenvue's, the consumer health company it spun off just two months ago.
( 18
min )
Fixed-rate and adjustable-rate mortgages have similarities and differences, depending on your financial needs and prospects.
( 28
min )
Trading volatility is an interesting idea, but current ETFs and ETNs do a fairly poor job of it.
( 24
min )
Learn about currencies that are more valuable than the U.S. dollar, as well as which factors contributed to their strength.
( 31
min )
Worldcoin uses biometric data like facial and iris authentication to create a unique World ID for each user and distinguish them from AI bots.
( 16
min )
A derivative is a securitized contract whose value is dependent upon one or more underlying assets. Its price is determined by fluctuations in that asset.
( 29
min )
The dividend growth rate is the annualized percentage rate of growth of a particular stock's dividend over time.
( 24
min )
Learn more about the ground lease, an agreement that allows tenants to develop leased land while the landlord typically assumes ownership.
( 23
min )
Annual premium equivalent (APE) is a common sales measure technique used by insurance companies in the United Kingdom.
( 18
min )
SR-22 'insurance' is a certificate your state may require if your driver's license has been suspended or revoked and you want to get it reinstated.
( 20
min )
A condominium involves apartment ownership and a percentage of the common areas while a co-op involves buying shares in a corporation that is the building.
( 25
min )
An in-depth look at car leasing options for those with bad credit or no credit history.
( 20
min )
It is possible for an insurer to cancel your policy after an accident but unlikely, unless you are a high-risk driver.
( 19
min )
Paying off your mortgage in a reasonable amount of time can result in financial security and freedom.
( 19
min )
In real estate transactions, trust deeds transfer the legal title of a property to a third party until the borrower repays their debt to the lender.
( 27
min )
A future purchase option is a feature of an insurance that allows policyholders to increase their insurance coverage annually.
( 19
min )
A limited common element is an aspect of a condominium unit that remains the property of the condominium community instead of the tenant.
( 19
min )
Mortgage insurance protects a mortgage lender or title holder if a borrower defaults on payments, dies, or otherwise can't pay the mortgage.
( 22
min )
Student Aid Index (SAI) is the name for the factor that determines needs-based financial aid—and there have been several changes to the equation.
( 23
min )
An all-in-one mortgage combines the features of a checking account, a home equity loan, and a mortgage into one product.
( 22
min )
A mortgage rate is the percentage of interest that is charged on a home loan. The precise rate you get depends on your credit score and is easily calculated.
( 22
min )
In addition to making nearly everything more expensive, rising inflation can also result in your student loan interest rates increasing.
( 25
min )
A captive insurance company is an entity that offers risk mitigation services for its parent company or related entities.
( 22
min )
(Bloomberg) -- It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled
( 9
min )
Wall Street is looking for earnings per share of o$1.73 from sales of $7.9 billion. It reported earnings of $2.48 from sales of $8.8 billion in the year ago quarter.
( 26
min )
With A.I. posing the most serious threat that Google’s search business has faced in its history, the pressure is on for Alphabet’s CEO to deliver.
( 8
min )
Shareholders will be looking for comments on lead-sheathed cables and signs the company has stemed subscriber losses.
( 26
min )
(Bloomberg) -- The Dow Jones Industrial Average is pushing back toward its all-time high, technology shares have surged, sentiment among stock investors is soaring, and recession calls are being scaled back.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average
( 8
min )
Lenders lowered their uninsured deposits by nearly $200 billion after bank failures.
( 28
min )
(Bloomberg) -- Last year’s plunge in the S&P 500 made uber bear Mike Wilson the most celebrated stock forecaster on Wall Street. It’s a role he has failed to reprise in 2023. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion Pro
( 8
min )
(Bloomberg) -- Wall Street’s ravenous appetite for government bills is about to be tested once again, as the Treasury is likely to further ramp up the size of oncoming auctions to rebuild its decimated cash buffer.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled
( 7
min )
(Bloomberg) -- Cerberus Capital Management and Highgate missed two months of payments on a $415 million loan for 30 Courtyard by Marriott hotels, another sign of spreading trouble in commercial real estate.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average
( 7
min )
Regional lenders are cutting back on some lending to preserve capital.
( 25
min )
Here's how T-Mobile beat its ‘dumb and dumber’ competitors, according to Yale's Sonnenfeld and Tian.
( 13
min )
Financial filings with the SEC can be long and dry, but they usually contain information investors should know.
( 26
min )
Analysts from Wells Fargo and Deutsche Bank both cited improvements in the PC industry as a key reason behind their increases.
( 26
min )
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Johnson & Johnson offers its shareholders the choice to exchange its shares for Kenvue's, the consumer health company it spun off just two months ago.
( 18
min )
Spotify raises its ad-free premium subscription price by $1 to $10.99 a month.
( 26
min )
Since hitting bottom last October, the S&P 500 has bounced back strongly – in fact, it’s up approximately 27% from that trough. A rally of that magnitude meets the definition of a bull market, and some economists are saying we’re experiencing just that. Among the bulls is Cathie Wood who believes that a big shift is taking place. “The market is starting to look to the other side of the interest rate increase and they’re starting to look at inflation which is crumbling,” she noted. The Fed will h
( 10
min )
(Bloomberg) -- TC Energy Corp. agreed to sell a 40% stake in two US natural gas pipeline networks for $3.9 billion (C$5.2 billion) in cash, a deal that will allow the Canadian company to meet a goal of reducing its debt ahead of schedule.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosO
( 7
min )
Mizuho analyst Vijay Rakesh raised his target price on Nvidia but said the growth of artificial intelligence is a tailwind for AMD and Intel too.
( 26
min )
The company is planning to transition the operations at its farm in Berea, Kentucky, to its distribution partner Mastronardi Produce.
( 12
min )
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
( 8
min )
Tesla downgraded, Netflix upgraded: Wall Street's top analyst calls
( 8
min )
There are many potential problems for Verizon and AT&T arising from lead-sheathed copper telecommunications cables. How ESG investors view the problem is one of them.
( 29
min )
A CIO survey reveals that companies are prioritizing AI applications in their spending plans. That also helps explain why Taiwan Semi noted a softening in demand for chips in its earnings report.
( 26
min )
The company plans J&J plans on exchanging up to 1.5 million shares of Kenvue stock that it owns, for outstanding shares of J&J common stock.
( 29
min )
Bitcoin and other cryptocurrencies were falling on Monday ahead of the Fed meeting. Elsewhere, OpenAI CEO Sam Altman celebrated the launch of Worldcoin.
( 47
min )
The electric vehicle maker's stock is bumped to Neutral from Buy by UBS analyst Patrick Hummel. Full self-driving technology is the next catalyst for the company, he says.
( 26
min )
With AMC quickly filing a modification of the settlement plan, after it was rejected by a judge Friday. The volatility surrounding the stocks could well be here to stay.
( 26
min )
The company plans J&J plans on exchanging up to 1.5 million shares of Kenvue stock that it owns, for outstanding shares of J&J common stock.
( 29
min )
Drillers and servicers of ocean wells have climbed ahead of the broader market.
( 26
min )
(Bloomberg) -- Listen to Wall Street’s top economists and you’ll hear the same message again and again: The risk of a recession is fading fast. And yet, in the bond market, the traditional warning that a downturn is near — an inversion of the yield curve — keeps getting louder.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWh
( 8
min )
Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect more consolidation in the sector. The acquisition reflects Public Storage's continued execution of its opportunistic growth strategy, the company said, adding it will deepen its presence in fast-growing markets.
( 6
min )
UPS and the Teamsters union are set to resume talks on a new collective bargaining agreement this week before the current deal expires at the end of July and an August strike looms.
( 9
min )
Bitcoin and other cryptocurrencies were falling on Monday ahead of the Fed meeting. Elsewhere, OpenAI CEO Sam Altman celebrated the launch of Worldcoin.
( 36
min )
Johnson & Johnson said on Monday it had launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue. J&J, which currently owns an 89.6% stake in the consumer health unit, said it intends to split off at least 80.1% of Kenvue's shares as part of the offering.
( 6
min )
The U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.
( 8
min )
The highly shorted AMC common shares were the most traded across all stocks trading before the opening bell at 05:58 a.m. ET, surging 59% to $6.99. A Delaware court judge said on Friday she cannot approve a deal that would potentially provide current shareholders with additional shares worth $129 million as it would also settle potential claims by preferred shareholders who were not represented in the lawsuit. AMC investors had sued the company in February, alleging a plan to convert preferred stock to common stock was enacted to circumvent the will of common stock holders who opposed the issuing of new shares.
( 7
min )
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
( 7
min )
Johnson & Johnson said on Monday it had launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue. J&J, which currently owns an 89.6% stake in the consumer health unit, said it intends to split off at least 80.1% of Kenvue's shares as part of the offering.
( 6
min )
(Bloomberg) -- Worldcoin, the token of the crypto project co-founded by OpenAI Chief Executive Officer Sam Altman, rallied on its first day of trading on Monday as investors piled into the hype around artificial intelligence. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vi
( 6
min )
Executives promise ‘the demise of dieting.’ Could we be so lucky?
( 15
min )
Bitcoin will have to remain above US$29,500 to prevent further bearish momentum, industry experts told Forkast.
( 8
min )
Uninsured deposits are currently around 40% of all U.S. bank deposits–up from only 20% three decades ago.
( 8
min )
Regulators and academics say some digital asset exchanges inflate trading volumes.
( 27
min )
Tesla is downgraded to Neutral from Buy by UBS analyst Patrick Hummel. Full self-driving technology is the next catalyst for Tesla, he says.
( 26
min )
AMC Entertainment files a revised stock conversion proposal, Chevron issues a second-quarter performance update better than expectations, and Tesla shares are downgraded.
( 27
min )
A downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined while factory output fell at the fastest pace since COVID-19 first took hold, a survey showed. HCOB's flash Composite Purchasing Managers' Index (PMI) for the bloc, compiled by S&P Global and seen as a good gauge of overall economic health, dropped to an eight-month low of 48.9 in July from June's 49.9. "The euro zone economy will likely move further into contraction territory in the months ahead, as the services sector keeps losing steam."
( 6
min )
(Bloomberg) -- India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Re
( 8
min )
(Bloomberg) -- Plunging margins for petrochemicals are set to take a bite out of Big Oil’s quarterly profits, adding to the pain companies are feeling from lower oil and gas prices.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billi
( 9
min )
(Bloomberg) -- Shares of Country Garden Holdings Co. are expected to drop 35% as liquidity concerns surrounding China’s private builders are unlikely to ease anytime soon, according to JPMorgan Chase & Co. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average
( 8
min )
AMC Entertainment CEO Adam Aron said on Sunday the company filed a revised petition for a stock conversion plan to address the Delaware court's concerns over other shareholders. AMC had proposed a plan to allow it to convert preferred stock to common stock and issue millions of new shares. It was sued in February by investors over how the shareholder vote on the plan was conducted.
( 7
min )
Chinese e-commerce giant Alibaba says it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group because it wants to retain its stake in an “important strategic partner.” Alibaba Group Holdings said in a filing Sunday that it will not participate in Ant’s share buyback program. Ant, which operates one of China’s leading mobile payments services Alipay, has seen its valuation fall nearly 70% from about $280 billion ($38.9 billion) at the time it was planning an IPO in 2020.
( 7
min )
Vodafone reported first-quarter group service revenue growth of 3.7% on Monday, driven by a strong performance in Britain, and an improvement in the rate of decline in Germany, Italy and Spain.
( 6
min )
The next two weeks will bring earnings reports from Microsoft, Meta, Amazon, Alphabet and Apple.
( 26
min )
Kenvue, spun off from Johnson & Johnson in May, generated $15 billion in sales last year, enough to put it at rank 275 on 2022's Fortune 500 list.
( 7
min )
Adidas got orders for 4 million pairs across May and June, more than it expected, and it was unable to meet the demand, the FT reported, citing people familiar with the matter. The company said in May it would start selling some of the Yeezy shoes from its defunct partnership with Ye, the rapper formerly known as Kanye West, at the end of May and planned to donate some of the proceeds to organisations fighting antisemitism and racism.
( 6
min )
U.K. companies are trading at about a 20% discount to global peers, according to Charles Luke, an investment manager at Murray Income Trust. That gives them scope to catch up.
( 26
min )
(Bloomberg) -- Germany’s automakers announced bold plans the last several years to shift to electric cars and challenge Tesla Inc.’s dominance. Instead, they’re only falling further behind.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15
( 9
min )
The damaged trucks were kept at the company's Phoenix site for "safety monitoring and the ongoing investigations." Nikola last month reported a fire around its headquarters and said it suspects foul play behind the incident that affected multiple trucks but caused no injuries.
( 39
min )
The plant will have an initial production capacity of 34 gigawatt hours (GWh). "This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade," Stellantis CEO Carlos Tavares said in a statement. Stellantis, whose brands include Peugeot, Jeep, Ram, Alfa Romeo, Citroen and Opel, has announced plans to reach 100% electric passenger car sales in Europe and 50% car and light truck electric mix in the U.S. by 2030.
( 7
min )
(Bloomberg) -- The cryptocurrency of OpenAI Inc. Chief Executive Officer Sam Altman is set to launch Monday, Semafor reported.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitA breakdown of how the Worldcoin tokens will b
( 6
min )
(Bloomberg) -- Posco Holdings Inc. shares jumped as much as 24% on Monday, the most on record, extending a July rally on strong quarterly profits and amid frenzied retail buying of stocks related to electric-vehicle batteries. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader V
( 7
min )
(Bloomberg) -- Equities look primed for early gains Monday as markets open in Japan and Australia, before sentiment turns more cautious when trading gets underway in China.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion Profit
( 8
min )
(Bloomberg) -- Oil fell after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a tighter market.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitWest Texas Intermed
( 6
min )
(Bloomberg) -- China’s top leaders will fail to deliver big-bang stimulus for the weakening economy this week, economists say, disappointing financial markets seeking strong action to counter the downturn. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average
( 8
min )
The oil giant reported higher-than-expected profit in the second quarter.
( 25
min )
Bitcoin rose on Monday morning in Asia to reclaim the US$30,000 support level. Ether moved higher, while most other top 10 non-stablecoin tokens also gained.
( 7
min )
(Bloomberg) -- Alibaba Group Holding Ltd. has decided not to sell any part of its one-third stake in Ant Group Co. during the Chinese fintech leader’s imminent share buyback, saying it wants to maintain its slice of an important partner.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOi
( 8
min )
Oil price gyrations following Russia's invasion of Ukraine meant profits of $15.1 billion that Vitol shared with its staff, Bloomberg reported.
( 7
min )
Vezels van vlas en hennep kunnen de bouw een stuk milieuvriendelijker maken, concluderen onderzoekers van ABN AMRO. Daarvoor moet er wel meer van verbouwd gaan worden, bijvoorbeeld in Oost-Europa.
( 4
min )
Mensen die voor het eerst een woning kopen, zien de huizen sneller in waarde dalen dan mensen die doorstromen naar een volgend koophuis. Dat komt vooral door de hogere hypotheekrente.
( 3
min )
Elon Musk verandert Twitter in X. Op de webversie is het vogeltje uit het logo al vervangen door de letter X. Het is de zoveelste plotselinge verandering sinds de overname van het bedrijf door Musk. Merkendeskundigen noemen hem onnavolgbaar.
( 4
min )
Elon Musk verandert Twitter in X. Op de webversie is het vogeltje uit het logo al vervangen door de letter X. Het is de zoveelste plotselinge verandering sinds de overname van het bedrijf door Musk. Merkendeskundigen noemen hem onnavolgbaar.
( 5
min )
De Zwitserse bank UBS moet de Amerikaanse en Engelse centrale banken een boete betalen van bijna 400 miljoen dollar. Dat is vanwege het risicovolle gedrag van de overgenomen bank Credit Suisse.
( 3
min )
De snacksector is het niet eens met de beschuldiging dat snackbars winst maken op plastic verpakkingen. Zij moeten sinds 1 juli een toeslag rekenen aan de klant voor wegwerpplastic. Zien we daardoor bij frituurders ineens meer herbruikbare verpakkingen?
( 4
min )
De meeste problemen bij statiegeldmachines in supermarkten zijn opgelost. Met een nieuw systeem heeft ontwikkelaar Tomra naar eigen zeggen 90 procent van de overlast bij klanten verholpen. Door een cyberaanval konden consumenten bij een klein deel van de supermarkten hun statiegeldflessen en -blikjes niet kwijt.
( 3
min )
Muziekdienst Spotify heeft maandag zijn maandprijzen verhoogd. In Nederland betaal je voor een Premium-abonnement voortaan 11 euro per maand. Dat is 1 euro duurder dan voorheen.
( 3
min )
Sneaker-liefhebbers hebben de afgelopen tijd voor 508 miljoen euro Yeezy-sneakers besteld bij adidas. Het gaat om sportschoenen die over zijn na de breuk tussen het Duitse sportmerk en rapper en modeontwerper Ye, die vroeger Kanye West heette.
( 3
min )
De schoolvakanties zijn begonnen en dat betekent dat iedereen tegelijk naar de camping of de Spaanse costa wil. We nemen in de zomer gemiddeld zo'n drie weken vrij. Werkgevers en werknemers weten dat in de meeste gevallen goed te regelen.
( 5
min )
Philips gaat zoveel mogelijk werknemers die in Nederland hun baan verliezen vanwege de reorganisatie begeleiden naar ander werk. Het concern heeft met meerdere bedrijven in de regio Eindhoven contact om medewerkers onder te brengen.
( 4
min )
Fletcher Hotels moet voortaan duidelijker zijn over de voorwaarden van vouchers die klanten kunnen kopen. Dat meldt toezichthouder ACM, nadat een aantal klanten heeft geklaagd over onverwachte extra kosten bij het gebruik van de voucher.
( 3
min )
Twitter-eigenaar Elon Musk wil af van het huidige logo van Twitter. De vogel verandert in de letter X. "Binnenkort zeggen we gedag tegen het Twitter-merk", schrijft Musk op zijn account.
( 4
min )
De Franse autoriteiten zijn eerder dit jaar een onderzoek gestart naar Philips. Het Nederlandse concern zou mogelijk gevoelige informatie over huishoudelijke apparaten hebben uitgewisseld met andere bedrijven en daarmee mededingingsregels hebben overtreden.
( 3
min )
De schoolvakanties zijn begonnen en dat betekent dat iedereen tegelijk naar de camping of de Spaanse costa wil. We nemen in de zomer gemiddeld zo'n drie weken vrij. Werkgevers en werknemers weten dat in de meeste gevallen goed te regelen.
( 4
min )
"Yesterday we along with the plaintiffs, filed with the Delaware Court, a modification of the legal release surrounding the settlement of the Delaware litigation in an effort to address the Court's voiced concern," AMC CEO Adam Aaron said in a letter to investors. He emphasized raising capital for the company's survival and said "to protect AMC's shareholder value over the long term, we MUST be able to raise equity capital." Aaron also mentioned that in a March 14 special election a majority of the AMC common shareholders and preferred shareholders supported his views on the stock conversion.
( 7
min )
(Bloomberg) -- Chevron Corp. posted better-than-expected earnings as output in the Permian Basin soared to a record and the oil giant said it waived the mandatory retirement age for Chairman and Chief Executive Officer Mike Wirth.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trade
( 8
min )
(Bloomberg) -- A few years ago, top investment bankers at Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group Inc., Evercore Inc. and PJT Partners Inc. say they’ve been inundated with CVs from the likes of Goldman, Barclays Plc and Credit Suisse.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally Bela
( 13
min )
Production in the Permian Basin rose 11% from the second quarter last year, Chevron said on Sunday. The oil major also announced a new CFO.
( 26
min )
The union says a key pension and benefits fund agreed to maintain healthcare coverage after debt-laden Yellow missed a monthly contribution.
( 25
min )
(Bloomberg) -- AMC Entertainment Holdings Inc. has revised a stock-conversion proposal after a surprise court ruling scuttled an earlier version of the plan and caused the movie-theater chain’s shares to jump. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Aver
( 8
min )
Craftsman's effort to create a highly-automated factory for tool production in Fort Worth, Texas, came to an end earlier this year when the facility was shutdown.
( 9
min )
(Bloomberg) -- Chevron Corp. reported second-quarter earnings of $6.01 billion, beating analyst estimates.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThe figures, while down 48% from the same period last year, topped
( 7
min )
U.S. oil major Chevron Corp on Sunday said Pierre Breber, vice president and chief financial officer, will retire from Chevron in 2024 and named current chief technical officer Eimear Bonner as his successor from March 1, 2024. Chevron's independent directors waived the company's mandatory retirement age of 65 for its chairman and chief executive officer, Mike Wirth, who will turn 63 later this year, the company said.
( 6
min )
For the June quarter, analysts expect the pizza chain's same-store sales to come in 1% higher than a year ago.
( 26
min )
The Federal Reserve is expected to raise interest rates on Wednesday. Plus, earnings reports from Alphabet, Microsoft, Visa, General Electric, Verizon, Meta Platforms, and more.
( 27
min )
U.S. policymakers and agencies are looking for ways to regulate autonomous vehicles on a larger scale. First, there’s the National Highway Traffic Safety Administration (NHTSA), which plans to announce a new rule-making in September that could benefit AV companies like Cruise and Zoox, both of which have plans to launch purpose-built robotaxis that don’t have steering wheels or pedals. General Motors, which owns Cruise, submitted a petition in February 2022 to NHTSA to deploy up to 2,500 of the Cruise Origins annually without human controls and may soon have an answer.
( 14
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Few things fire up the imagination of wealth better than a gold mine. After all, while money doesn’t grow on trees, we can actually dig it up out of the ground. Our wealth-related metaphors often revolve around gold, with phrases like ‘things as good as gold’ and ‘an asset that’s like a gold mine.’ Indeed, gold stands as the ultimate symbol of riches and prosperity. While owning a gold mine might be a distant dream for many, investing in the stock of a gold mine presents an entirely feasible opp
( 10
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Workers at firms like Nvidia, Amazon, Apple and Microsoft have seen big jumps in their company shares, but many don’t know the tax hit those earnings could bring
( 19
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I'm in my mid-40s, married with four kids. My husband doesn't want to work and has left the financial responsibilities to me for as long as I can remember. I don’t have much in my savings account or in my 401(k). My annual income is only around $85,000. My eldest is about to start college, […] The post Ask an Advisor: I Have 4 Kids and Make $85k But My Husband Doesn’t Work. How Do I Start Investing So I Can Pay for College? appeared first on SmartReads by SmartAsset.
( 9
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U.S.-based investment firm Bain capital said on Sunday that it has entered into an agreement to acquire 90% of Adani Capital and Adani Housing, buying out the Adani family's private investments in the company.
( 5
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I will be retiring at the end of this year. I am trying to decide between two choices on how to best use $40,000 that I anticipate I will have as extra money by the end of the year. My only debt is the payoff of one automobile, which is about $40,000. Or, I can […] The post Ask an Advisor: I’m Retiring at the End of This Year and Will Have an Extra $40K to Invest. Should I Pay Off My Car Loan or Buy Dividend Stocks? appeared first on SmartReads CMS - SmartAsset.
( 9
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Real estate has become an increasingly popular choice among investors of just about all classes. Whether you're a large investor purchasing entire properties, or a retail investor buying into REITs or ETFs, this asset class can be a strong choice for your portfolio. But, according to a recent publication from Origin Investments, there's a risk […] The post For Real Estate Investors, Costs Are Rising Due to This Unexpected Cost appeared first on SmartReads by SmartAsset.
( 9
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If you retire with $750,000 in your portfolio, how long will it last? This is one of the most important questions in retirement and the answer is, it depends. It depends on a wide range of individual factors, from where you live and how much you spend to how you invest. No one can give a general […] The post How Long Will $750,000 Last in Retirement? appeared first on SmartReads CMS - SmartAsset.
( 10
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Working a job with set hours, solid benefits, and fully remote flexibility is Gen Z’s answer to hustle culture.
( 10
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(Bloomberg) -- US stocks are approaching a record high and the outlook for Corporate America is only expected to brighten. Now investors are waiting to see if the Federal Reserve derails the market’s bull run.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Avera
( 8
min )
Telecom stocks have sagged under heavy debt and concerns about slowing growth.
( 25
min )
The Communist Party is becoming less timid in its retaliation against American economic warfare
( 8
min )
Stock more than doubles from a year ago as the conglomerate continues its breakup into three companies.
( 25
min )
President Joe Biden's efforts to eliminate junk fees won't necessarily save shoppers any money, critics warn. Here's why.
( 10
min )
(Bloomberg) -- Elon Musk said he wants to drop the Twitter logo soon and eventually get rid of the birds that have long been its signature.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThe billionaire tweeted a shimmer
( 6
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(Bloomberg) -- China has announced several measures recently to boost the economy and made a number of pledges to improve the business environment as concerns about the growth outlook continue to mount. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay
( 7
min )
Employers far beyond restaurants rely on the practice to avoid paying higher wages. Have customers reached their limit?
( 21
min )
Distressed investors are fighting over REITs trading at discount prices.
( 26
min )
Electric supplies from renewable energy, hydropower and batteries bolster vulnerable parts.
( 25
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There’s no doubt the bulls have been charging ahead in 2023. The S&P 500 is up more than 18% year-to-date, while the tech-heavy NASDAQ has been puffing out its chest with a 34% return. Right now, the gains are narrow, resting mainly on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood investor money will start spreading around more widely. If the bull market does widen out, it will raise the question of which stocks to buy, and that’s where the Smart Score can narrow the
( 10
min )
Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: Stratasys agrees to merger discussions with 3D Systems and rejects Nano again; VMware-Broadcom receives clearance from U.K. regulator; merger deal signed between Dell and Moogsoft, and KKR picks up a specialty chemicals name. After six weeks of unsolicited proposals and rejections, Stratasys (NASDAQ:SSYS) said early last week that 3D Systems' (NYSE:DDD) most recent revised buyout offer "would reasonably be expected to result in a 'Superior Proposal'" as defined within its all-stock $1.8 billion merger agreement with Desktop Metal (NYSE:DM), inked in May.
( 8
min )
Severe storms in the U.S. resulted in at least 13 individual billion-dollar events and $35 billion in insured losses for the first six months of the year.
( 26
min )
Restaurant stocks have been on a hot streak this year. Analysts question if the momentum will last given that restaurant inflation is still high.
( 26
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(Bloomberg) -- By some measures, the euro is at its most expensive level on record, potentially setting itself up for a fall if starts to undermine the euro area economy and forces the European Central Bank to turn dovish.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol
( 9
min )
Saudi Arabia has emerged as a private financial backer of the £4bn takeover of Selfridges, as part of a shopping spree intended to increase its international clout and boost development of its economy.
( 7
min )
Powerful forces, from stimulus spending to climate change, have spurred the acceleration in price growth. History suggests inflationary trends will persist.
( 26
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If you're looking at Charles Schwab’s fund options for your retirement account, SWTSX and SCHZ can be good options to consider.
( 23
min )
Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago.
( 26
min )
Swings in Ireland’s pharmaceutical industry, often rooted in tax moves by U.S.-based firms, have outsize impact on European output.
( 24
min )
The pros and cons of using your nest egg to buy a special longevity annuity in retirement.
( 24
min )
The less-than-truckload sector has been disrupted by a very public dispute between Yellow and the Teamsters. Rates have already seemingly responded and may continue to see support. The post LTL rates bounce as Yellow struggles with union appeared first on FreightWaves.
( 7
min )
While leasing has certain advantages, buying a car tends to save you money in the long run and offers greater flexibility.
( 24
min )
Do you think making two payments a month for your mortgage is a good idea? Think twice about that. We tell you why.
( 24
min )
The BanxQuote Money Markets Index was an index of money market funds, compiled by the financial information firm BanxQuote.
( 20
min )
A group health insurance plan offers coverage at a lower premium than an individual plan and is available to employees of a company or organization.
( 24
min )
Many states assign points to your driving record for violations. Learn how points work and how they can affect your car insurance rates.
( 21
min )
“Carriage and insurance paid to” is when a seller pays freight and insurance to deliver goods to a seller-appointed party at an agreed-upon location.
( 21
min )
We go over different types of shares and what investors need to know about them so they can make better investing decisions.
( 19
min )
Yearly probability of dying is a statistical estimate of the likelihood of a person dying within a year, based on age and sometimes other factors.
( 24
min )
Learn about the value at risk, how confidence intervals and confidence levels are used to interpret the value at risk and the difference between the two.
( 19
min )
A brokerage fee is a fee a broker charges to execute transactions or provide specialized services.
( 24
min )
A market index is a hypothetical portfolio representing a segment of the financial market. Popular indexes include the Dow Jones, S&P 500, and Nasdaq.
( 25
min )
Total permanent disability (TPD) is a condition in which an individual is no longer able to work due to injuries.
( 19
min )
Money can be made on a stock without actually owning any shares, but short selling isn't for new investors.
( 22
min )
The accidental death benefit (ADB) is a payment due to the beneficiary of an accidental death insurance policy. Learn more about what it covers.
( 21
min )
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type.
( 26
min )
Elon musk announced that he will drop Twitter's bird logo, saying it should have been done a long time ago.
( 16
min )
Reduce the cost of owning and maintaining a car with these clever tax tips.
( 20
min )
Learn about the difference between two freight methods and how costs apply to them.
( 21
min )
A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit.
( 29
min )
Examine the largest banks in the Russian Federation, including the massive conglomerate Sberbank, which is the third-largest bank in Europe.
( 20
min )
A detailed description of what a car title is and its importance to registering and owing a personal vehicle.
( 19
min )
Make sure the house you choose is worth the price you pay. Here are 10 tips on how to get a good price for a home.
( 24
min )
Here are the pros and cons of temporarily suspending your student loan payments.
( 26
min )
These circles of like-minded people are a wonderful way to explore investing without laying out large sums.
( 21
min )
Credit life insurance is a policy designed to pay off a borrower's debt if the borrower dies. Learn how it works and more about the pros and cons.
( 21
min )
Understand how dental insurance works and find out what to look for when comparing policies.
( 23
min )
Disability coverage is important to have in case you become physically unable to work. You can purchase group or individual coverage.
( 21
min )
With the rising cost of college and questionable career prospects awaiting college graduates, some are wondering if a college education is still worth it.
( 23
min )
Workers at firms like Nvidia, Amazon, Apple and Microsoft have seen big jumps in their company shares, but many don’t know the tax hit those earnings could bring
( 18
min )
Home equity loans and mortgages are loans that use your home as collateral, but there are important differences between the two.
( 25
min )
Full-time realtors are frustrated with the amount of competition now required to sell a home because the market is so saturated with agents while mortgage lenders are cutting jobs amid a deal slowdown.
( 19
min )
Decreasing term insurance is a renewable term life insurance with coverage decreasing at a predetermined rate throughout the policy's life.
( 21
min )
If you're looking at Charles Schwab’s fund options for your retirement account, SWTSX and SCHZ can be good options to consider.
( 23
min )
Oil and gas investments can provide unmatched tax deduction potential for accredited investors.
( 22
min )
Koophuizen waren vorige maand gemiddeld 5,5 procent goedkoper dan een jaar eerder. Verder blijkt dat het aantal verkochte woningen met 6 procent is gestegen in vergelijking met vorig jaar. Dat concluderen het Kadaster en statistiekbureau CBS.
( 4
min )
Vakantiegangers die in het buitenland in het ziekenhuis belanden, krijgen ook nog eens een pijnlijke verrassing te verwerken. Als je niet extra verzekerd bent, is er een grote kans dat je zelf een deel van de kosten moet betalen.
( 4
min )
Liefhebbers van wijnen uit Spanje of Italië hoeven zich nu nog geen zorgen te maken over het extreme weer daar. Maar als het langer aanhoudt, kan dat wel slecht uitpakken voor de druivenoogst.
( 4
min )
Vakantiegangers die in het buitenland in het ziekenhuis belanden, krijgen ook nog eens een pijnlijke verrassing te verwerken. Als je niet extra verzekerd bent, is er een grote kans dat je zelf een deel van de kosten moet betalen.
( 4
min )
Liefhebbers van wijnen uit Spanje of Italië hoeven zich nu nog geen zorgen te maken over het extreme weer daar. Maar als het langer aanhoudt, kan dat wel slecht uitpakken voor de druivenoogst.
( 4
min )
When shopping for a new car, you want to make sure that you get the best price. Learn how, without the hassle of haggling.
( 21
min )
Clearing is when an organization acts as an intermediary to reconcile orders between transacting parties. A clearing bank approves checks for payments.
( 23
min )
Renting out a room on Airbnb can be a good way to generate income, but you need to understand what is and isn’t covered by your homeowner’s insurance.
( 20
min )
Altcoins can present themselves as modified or improved versions of Bitcoin. Given Bitcoin's volatility, you may want to watch these 10 alternatives.
( 30
min )
Although renting by the room can increase returns on rental property, it does come with a few caveats.
( 21
min )
Understanding recoverable depreciation may help you claim more in insurance reimbursement for damage to your property.
( 26
min )
A defined contribution (DC) plan is a retirement plan in which employees allocate part of their paychecks to an account funding their retirements.
( 25
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Your decision on how frequently to make life insurance payments, or your mode of premium, can have a big impact on your total costs.
( 19
min )
Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver.
( 17
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Product recall insurance covers expenses associated with recalling a product from the market.
( 19
min )
An actuarial life table is a table or spreadsheet that shows the probability of a person at a certain age dying before their next birthday and is used by insurance companies to price products.
( 19
min )
Business crime insurance gives companies protection from damage from corporate crimes like fraud, embezzlement, theft, and others.
( 19
min )
Classic car insurance is geared toward vehicles, even newer ones, that tend to appreciate in value.
( 20
min )
The member month refers to the number of individuals participating in an insurance plan each month. It is calculated with specific formulas.
( 19
min )
A ceding company is an insurance company that passes a part or all of its risks from its insurance policy portfolio to a reinsurance firm.
( 19
min )
A captive agent is an insurance agent who only works for one insurance company and is paid by that one company, either by salary, commission, or both.
( 18
min )
An HOA fee is a recurring fee paid by some homeowners to an organization that helps maintain and improve their property and others in the same group.
( 22
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Intrinsic value reduces the subjective perception of a stock's value by analyzing its fundamentals.
( 25
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A health maintenance organization (HMO) is a health insurance plan that provides health services through a network of doctors for a monthly or annual fee.
( 28
min )
A golden cross is a bullish chart pattern used by traders and investors where a short-term moving average crosses a long-term moving average from below.
( 24
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Although they are often confused and may be used interchangeably, the terms commodity and product are very different.
( 21
min )
Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.
( 30
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There are differences between a bond's yield rate and its coupon rate. The coupon rate influences market price and the market price influences yield.
( 21
min )
Learn about the methods that criminals use when they are looking to launder money and how the government seeks to prevent them.
( 24
min )
Earlier this month Tesla CEO Elon Musk announced his latest startup, xAI, which will focus on artificial intelligence. Musk is the richest person in the world as of July, thanks to the companies he leads including Tesla, SpaceX, and Twitter.
( 18
min )
Newmont Corporation, the world’s biggest gold mining company, missed profit expectations for the second quarter as lower production and gold prices weighed on profitability.
( 17
min )
Interest rates can have a complicated ripple effect through financial markets. Learn more about how they specifically impact the stock market.
( 28
min )
An origination fee is an upfront fee charged by a lender to process a new loan application. It acts as compensation for executing the loan.
( 25
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Open an account with one of these listed companies to receive its brokerage account promotions, but be sure it's the right account for your needs.
( 23
min )
Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
( 21
min )
The maker of Marlboro cigarettes, Philip Morris, posted better-than-expected earnings for the second quarter.
( 26
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"New work patterns mean that people are traveling who in the past couldn’t because they were in an office Monday through Friday."
( 8
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Altcoins can present themselves as modified or improved versions of Bitcoin. Given Bitcoin's volatility, you may want to watch these 10 alternatives.
( 30
min )
(Bloomberg) -- A bond market that wants to rally is anxiously waiting in the wings for the Federal Reserve to give it the green light next week as a robust economy keeps upending bullish positions.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Re
( 8
min )
(Bloomberg) -- The world’s major central banks meet in the coming week to set monetary policy amid continued signs that the worst inflation crisis in decades is easing.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitWhil
( 11
min )
(Bloomberg) -- US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind for lenders ranging from banks to asset-backed securities investors.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled A
( 9
min )
Also this week, the British treasury issued a firm no to those calling for crypto to be regulated as gambling.
( 7
min )
(Bloomberg) -- Tesla Inc. has started offering consumers 84-month auto loans after Elon Musk said the carmaker would “have to do something” about rising interest rates.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThe
( 7
min )
Precious metal prices, especially gold and silver, have seen a brief rally in July, but uncertainty remains as to whether this upward trend will continue.
( 7
min )
"Financing these at 3% [mortgage rates] then jumping rates to 6% is the same as burning them [the homes] down from a supply perspective"
( 7
min )
"Just in the last 18 months, 15 companies have stopped writing [insurance] business in Florida"
( 10
min )
A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms.
( 25
min )
Annual pay raises can help workers keep up with the rising costs of goods and services in an economy. But when prices increase faster than wages, a pay bump can end up feeling more like a pay cut. This was the case for many workers over the last few years when inflation dwarfed wage growth. […] The post These Careers Had the Highest Pay Bumps, While Others Fell Behind – 2023 Study appeared first on SmartReads CMS - SmartAsset.
( 8
min )
If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You'll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from … Continue reading → The post How to Avoid Tax on a Savings Account appeared first on SmartAsset Blog.
( 9
min )
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
( 10
min )
(Bloomberg) -- There’s growing concern on Wall Street that the twin engines of this year’s tech-stock surge are at risk of sputtering. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThat was evident Thursday, when the t
( 9
min )
Buyers and producers debate agriculture policy requiring companies use mostly U.S. sugar.
( 25
min )
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Earlier this month Tesla CEO Elon Musk announced his latest startup, xAI, which will focus on artificial intelligence. Musk is the richest person in the world as of July, thanks to the companies he leads including Tesla, SpaceX, and Twitter.
( 19
min )
The U.S. is playing catch-up in battery supply chains dominated by China.
( 22
min )
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Newmont Corporation, the world’s biggest gold mining company, missed profit expectations for the second quarter as lower production and gold prices weighed on profitability.
( 18
min )
A 65-year-old retiring this year can expect to spend an average of $157,500 toward healthcare expenses throughout retirement, Fidelity estimates.
( 26
min )
(Bloomberg) -- Chinese regulators met with global investors on Friday, according to people familiar with the matter, stepping up the government’s bid to boost market confidence as the country’s economic recovery loses steam. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganUS Recession Becomes Closer Call as Economists Rethink ForecastsPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink of ChaosAMC Shares Sur
( 8
min )
"The company plans to reallocate the majority of those positions to new, cloud-focused technology roles," the spokesperson said in an emailed statement, adding that the overall headcount will remain the same. The spokesperson declined to comment on how many people would be reallocated or whether CME will hire additional people to maintain headcount.
( 6
min )
A highly automated Texas factory was supposed to bring the manufacturing of Craftsman mechanics’ tools back to American shores. The $90 million project was doomed by equipment problems and slow production.
( 21
min )
The world's largest oil field services company saw substantial increases in revenue and net income in the second quarter, despite a downturn in North America rig counts.
( 11
min )
In trials, Biogen and Eli Lilly have shown that their drugs can slow early-stage decline in the disease. It could be a bonanza for patients—and investors.
( 26
min )
(Bloomberg) -- Global fund managers are tamping down expectations ahead of China’s Politburo meeting, with many bracing for prolonged gloom in the stock market on bets that any policy support will lack potency.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink of ChaosAMC Shares Surge as Judge Den
( 8
min )
De Amerikaanse regering moet meer onderzoek doen naar de gevolgen van de beperkingen op de export naar China voor de chipindustrie.
( 3
min )
Amazon zet een groot gebouw ter waarde van zo'n 107 miljoen euro neer bij NASA's Kennedy Space Center in de Amerikaanse staat Florida. Daar staan installaties om raketten te lanceren. Het webwinkelconcern wil er satellieten gaan bouwen.
( 3
min )
De Nederlandse voetbalsters spelen zondag hun eerste wedstrijd op het WK in Australië en Nieuw-Zeeland, maar commercieel is het toernooi niet aantrekkelijk. Supermarkten, winkels en adverteerders laten het massaal afweten.
( 4
min )
Het bedrijf achter brillenmerk Ray-Ban en Oakley wordt er door Amerikaanse consumenten van beschuldigd dat het de prijzen van zijn brillen tot wel 1.000 procent heeft opgedreven.
( 3
min )
Nu Twitter zich door chaos na chaos worstelt, schieten de alternatieven als paddenstoelen uit de grond. Maar Threads is er niet in Nederland, op Bluesky is het rustig en Mastodon lijkt te ingewikkeld. De twitteraar kan eigenlijk geen kant op.
( 4
min )
IntraFi Network Deposits help consumers with large deposits insure their money by spreading funds out to stay below the FDIC insurance limit of $250,000 per depositor per bank.
( 23
min )
Checking accounts do not require beneficiaries, but consumers can add them upon request. Learn how payable-on-death accounts work.
( 24
min )
State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
( 20
min )
American Express posted record revenue, but it still came up short of forecasts as network volumes growth slowed after several quarters of double-digit percent growth.
( 16
min )
The S&P 500 was little changed on Friday, July 21, 2023, but posted gains for the week on strong corporate earnings reports.
( 16
min )
Despite mixed second-quarter results, shares of regional lenders surged this week as their deposits stabilized after high-profile bank failures earlier this year.
( 19
min )
Interpublic Group shares tumbled on Friday after slashing its 2023 organic revenue growth forecast in half, citing falling business from tech firms.
( 16
min )
Private equity firm KKR agreed to buy Chase Corp for $1.3 billion in a move that expands its holdings in the specialty chemicals space.
( 16
min )
Both Wealthsimple and Betterment have features that appeal to less experienced investors, with plenty of planning tools and zero opening balances.
( 23
min )
Both of these firms have created solid offerings, but Charles Schwab Intelligent Portfolios has lower fees
( 25
min )
Coming up: big tech earnings, the Fed's July policy meeting, and the central bank's preferred gauge of inflation.
( 20
min )
On the surface, Betterment and Fidelity Go share many similarities. However, there are some key differences between Betterment and Fidelity Go that will help you choose the best fit for your money.
( 26
min )
Two solid options. The right one for you will depend on your digital-versus-human preference, the amount you have to invest, and your desire to fine-tune your portfolio.
( 27
min )
Ellevest offers the most account options with the Executive membership flat fee, but Betterment caters to new investors, with live customer service and low-cost options.
( 26
min )
FutureAdvisor and Betterment are very different robo-advisories, but they share a similar approach. Both rely heavily on Modern Portfolio Theory (MPT) in managing your portfolio, although the specifics of portfolio creation and rebalancing differ.
( 22
min )
M1 Finance and Betterment are two top robo-advisors offering different services. Betterment is better for setting financial goals and M1 is better for automated investing.
( 27
min )
Here's a rundown of the specific tax rules that apply to homeowners renting out a vacation property.
( 20
min )
In terms of numbers, there are very few categories where Stash outperforms Betterment. This is to be expected as Betterment is one of the top robo-advisors we reviewed.
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Wealthfront and Betterment both earned spots in our Best Robo-Advisor Awards. We describe their similarities and differences to help you decide which is best for you.
( 26
min )
A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on your income.
( 30
min )
A trader is someone who engages in the purchase or sale of assets in any financial market, either for themself or on behalf of another party.
( 29
min )
For day traders seeking an edge in trading the market from both the long and short sides, 5-, 8-, and 13-period simple moving averages (SMA) offer a valuable addition to one's strategy.
( 23
min )
You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.
( 21
min )
U.S. equities were up at midday on Friday, July 21, 2023 and on track for a winning week, powered by strong earnings news.
( 16
min )
Shares of railroad operator CSX fell after missing revenue estimates as intermodal shipping volumes dropped.
( 16
min )
Digital World Acquisition Corp. shares soared after an SEC settlement over charges it misled investors.
( 16
min )
An IP address is a unique identifier associated with a computer or network, which allows users to send and receive data.
( 26
min )
Moving average convergence/divergence (MACD) is a momentum indicator that shows the relationship between two moving averages of a security’s price.
( 29
min )
Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
( 21
min )
Personal loans are not considered income and cannot be taxed unless the loan is forgiven.
( 24
min )
First-time homebuyers may make mistakes in the mortgage and home-buying processes. Here are some of the most common mistakes to avoid to save money and time.
( 30
min )
U.S. Treasury Secretary Janet Yellen visited Vietnam this week and talked about the country's role in protecting domestic supply chains.
( 17
min )
The team will be tasked with analyzing ways to avoid debt ceiling standoffs and “make the risk of default a thing of the past.”
( 16
min )
Payday loans are almost always more expensive than personal loans when it comes to borrowing money and tend to be riskier as well.
( 25
min )
A lawsuit settlement loan is a cash advance for an impending settlement or judgment. There can be pricey strings attached.
( 22
min )
Investors are growing more bullish and optimistic about a soft landing as inflation cools, according to a Morgan Stanley Wealth Management Pulse Survey.
( 17
min )
This personal loan calculator will help you calculate monthly payments
( 21
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Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
( 26
min )
Personal loans and credit cards both offer a way to borrow funds, but there have different advantages and risks. Learn how these two funding sources compare.
( 24
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
( 24
min )
The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
( 27
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
( 26
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
( 30
min )
The Dutch East India Co. was the first company to sell shares of a business to the public in 1602.
( 20
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
( 17
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Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
( 18
min )
Year to date (YTD) refers to the period of time beginning on the first day of the current calendar year or fiscal year and extending up to the current date.
( 25
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Peer-to-peer (P2P) lending enables an individual to obtain a loan directly from another individual, cutting out the traditional bank as the middleman.
( 23
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Learn about the difference between market capitalization and market value including the factors that go into the calculation of each metric. While both provide a measure of corporate assets, the two are vastly different in their calculation and precision.
( 19
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Personal loans from friends, family, and employers fall under common categories of debt that can be discharged in the case of bankruptcy.
( 22
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Learn about the four most common reasons a company may choose to suspends its dividends, including financial trouble, funding growth and unexpected expenses.
( 20
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Executives at Amazon, Anthropic, Alphabet, Inflection, Meta, Microsoft, and OpenAI will meet at the White House with administration officials Friday to discuss the voluntary agreements.
( 16
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The Great Recession may be over, but broker wrongdoing hasn't. How do you know if a broker is legit?
( 25
min )
Supplemental Security Income (SSI) is a benefit for people with disabilities. The SSI resource limit hasn't kept up with inflation, and $2,000 buys far less than it did when it was set in the 1970s.
( 20
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Institutional ownership can both create and destroy value for shareholders. Learn how to stay ahead of the game.
( 21
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Discover some reasons that corporations might issue preference or preferred shares, and why investors might value them more than common shares.
( 20
min )
Find out how dividends affect a company's stockholder equity and how the accounting process changes based on the type of dividend issued.
( 23
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(Bloomberg) -- Leaders of the largest US chipmakers told Biden officials this week that the administration should study the impact of restrictions on exports to China and pause before implementing new ones, according to people familiar with their discussions.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosPutin Warns Poland Over ‘Aggression’ Against Ally BelarusAMC Shares Surge as Judge Denies APE Deal in Surprise R
( 9
min )
India could account for 10% of the world’s Apple users by 2032, and contribute $40 billion of the company’s revenue, according to one analyst.
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The governor says the investigation will protect the retirees of Florida.
( 26
min )
Stocks are climbing on strong earnings and expectations for a rate-hike pause. Still, there are disquieting signs that the economy is slowing.
( 26
min )
Climate change, extreme weather, and a deluge of litigation have made Florida an expensive state for insurance companies to do business in.
( 26
min )
A judge blocked the conversion of APEs to common shares.
( 29
min )
AMC Entertainment shares soared 70% after-hours Friday after a judge rejected a proposed court settlement that would have cleared the way for the movie-theater giant to complete a set of equity transactions enabling it to issue substantially more shares.
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min )
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American Express posted record revenue, but it still came up short of forecasts as network volumes growth slowed after several quarters of double-digit percent growth.
( 18
min )
Johnson & Johnson will offer its holders to chance to swap their shares for Kenvue stock
( 26
min )
Shares of electric-vehicle maker Tesla trade an incredible amount of volume on a daily basis, making the average holding time shockingly short.
( 26
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Ahead of the Nasdaq-100 rebalance, individual investors piled into an exchange-traded fund that tracks the tech-focused index.
Investors poured more
( 20
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(Bloomberg) -- It made sense at the time. Jerome Powell was waging war on inflation. The bond market was flashing dire warnings. Practically everyone saw a recession coming.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink of ChaosAMC Shares Surge as Judge Denies APE Deal in Surprise RulingAnd ye
( 10
min )
(Bloomberg Law) -- AMC Entertainment Holdings Inc. was blocked by a Delaware judge Friday from converting its controversial APE preferred units into common stock, a ruling that sent the company’s class A shares surging 100% in after-hours trading.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink
( 8
min )
The 5th U.S. Circuit Court of Appeals in New Orleans said it will review the case en banc, meaning that all active judges will take part. A three-judge panel of the same court had in March upheld a National Labor Relations Board decision that Musk's tweet was an unlawful threat that could discourage unionization, and ordering Musk to delete it.
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min )
"It is indeed a mad, mad world," says Société Générale's Albert Edwards. “What on earth is going on? Something very strange has happened…”
( 8
min )
Stock in the satellite radio operator soared 42% Thursday as a result of a short squeeze.
( 36
min )
"With a UPS strike, everyone in America will feel it if it happens," said one expert who pegged the potential economic hit at $5 billion.
( 10
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Oil prices logged their fourth straight weekly gain, powered by a combination of factors.
U.S. crude oil futures settled at $77.07 a barrel Friday, up 1.9% on the day and about 11% over the past four weeks. Today's settlement was the highest since April 25.
The reasons for the rally:
_**Supply
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Next week, several of Wall Street’s heavyweights will step up to the earnings plate, amongst them Microsoft (NASDAQ:MSFT). The tech giant will deliver its fiscal fourth quarter of 2023 statement (June quarter) on Tuesday (July 25) amidst strong optimism the company is only starting to benefit from the ongoing adoption of generative AI. As such, ahead of the print, Piper Sandler analyst Brent Bracelin sees a ‘solid’ set-up, given “1) robust Gen AI momentum, which could drive above-consensus capex
( 7
min )
(Bloomberg) -- Amazon.com Inc. will require some corporate employees to relocate as part of a mandate requiring workers to be in the office three days a week, according to people familiar with the matter, the latest source of strain between the tech giant and its workforce following layoffs that began last year.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Cal
( 7
min )
(Bloomberg) -- A likely re-weighting of Sirius XM Holdings Inc. in the Nasdaq 100 is adding another twist to the stock’s wild moves, with the market transfixed by an unprecedented short squeeze.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesWhy South Africa Is on the Brink of ChaosPutin Warns Poland Over ‘Aggression’ Against Ally BelarusApple Tests ‘Apple GPT,’ Develops Generative
( 7
min )
Some investors bought shares even after the company went bankrupt in April, betting on a long-shot revival.
( 28
min )
Cyrus Hodes alleges CEO Emad Mostaque convinced him “that the company he had helped build was essentially worthless.”
( 7
min )
A CIO survey reveals that companies are prioritizing AI applications in their spending plans. That also helps explain why Taiwan Semi noted a softening in demand for chips in its earnings report.
( 26
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The car seller earned $6.29 a share for the second quarter. Analysts tracked by FactSet had penciled in $5.91.
( 26
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“We’ll have all these little mid-block parks in New York City because there won’t be anything else to do with those buildings," Sternlicht warned.
( 8
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Many investors entered the second-quarter earnings season expecting the worst for regional banks. But that didn’t materialize in the results released this week, at least not for the bigger players.
Another round of earnings results Friday also showed stabilizing deposits at regional lenders:
Dep
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min )
A U.S. district court in Kansas may ultimately determine Yellow’s fate on Friday. The post Yellow’s fate likely in hands of Kansas district court appeared first on FreightWaves.
( 9
min )
With markets rallying and the Federal Trade Commission unable to stop deal-making in court, a rebound in capital-markets activity alone could propel the stock.
( 26
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(Bloomberg) -- Optimism about artificial intelligence boosting demand for semiconductors won’t be enough to offset the challenges from an oversupply of chips and a murky economic backdrop, when companies such as Texas Instruments, Intel and NXP Semiconductors report earnings next week.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsPutin Warns Poland Over ‘Aggression’ Against Ally BelarusBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rat
( 11
min )
(Bloomberg) -- The one-time king of the bond world is talking down the Treasury market. Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomWhile the yields may have peaked this year, “a bull market is not in the cards,” Bill Gross, the former chief invest
( 6
min )
Annuities are an ideal option for investors seeking regular income in retirement. They pay out a fixed stream of payments on a monthly or annual basis that you can never outlive. Here's how much you'd get per month if you … Continue reading → The post How Much Does a $50,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
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Abbot upgraded, Carvana downgraded: Wall Street's top analyst calls
( 9
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Every investor seeks to reap the rewards of their stocks; otherwise, they wouldn’t be involved in the markets. However, discovering the ideal investment, one that will yield profits, can prove to be a challenge, particularly in today’s market environment. To ensure solid returns, investors can follow two straightforward strategies. The first is to buy low and sell high. That is, find a cheap stock with sound fundamentals and good prospects for growth – and buy in to take advantage of the growth
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She allegedly used some of that 'bonus' to invest in an unnamed A.I. safety and research firm.
( 8
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Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.
( 9
min )
Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
( 10
min )
The Nasdaq-100 is getting rebalanced after its biggest tech companies got too big.
The move was triggered earlier this month when the companies in the index with weightings exceeding 4.5% saw their combined weighting surpass 48%, according to Cameron Lilja, global head of index product and operatio
( 22
min )
Vietnam on Friday called on the country's food association to ensure sufficient domestic rice supplies and food security after India's move to curb its exports. India, which accounts for 40% of world rice exports, on Thursday ordered a halt to its largest rice export category to reduce domestic prices. "India's move to curb its rice exports will affect the global rice market," Vietnam's Ministry of Industry and Trade said in a document sent to the Vietnam Food Association and reviewed by Reuters.
( 6
min )
Super Micro Computer, Inc. (SMCI) shares are up a monster 269% in 2023. This uptrend is being powered by mega appetite for the stock.
( 7
min )
The special purpose acquisition company (SPAC), which in October 2021 agreed to take Truth Social-parent Trump Media & Technology Group (TMTG) public, agreed to pay $18 million in fine to settle charges that it had made "material misrepresentations" to investors if it closes the merger. "It was weighing on shares and this gives investors hope that a deal could be completed," said Dennis Dick, a trader and equity market structure analyst at Triple D Trading. If the deal consummates, TMTG will have more than $1 billion of cash in its reach from the SPAC's institutional investors.
( 7
min )
American Express saw its profit and revenue climb in the second quarter and credit card use is climbing, but the company's stock slipped before the market open as it set aside more money for possible defaults on payments. American Express earned $2.17 billion, or $2.89 per share, topping Wall Street expectations for $2.80, according to analysts surveyed by Zacks Investment Research.
( 7
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SLB reports better-than-expected adjusted earnings in the second quarter but revenue of $8.1 billion misses analysts' expectations.
( 26
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Amex beat on earnings and missed on revenue. Consolidated provisions for credit losses rose to $1.2 billion, up from $1.1 billion in the prior quarter.
( 29
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Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. "It does make sense to sacrifice margins in favor of making more vehicles," Musk said on Wednesday, noting that Tesla was facing "turbulent times." Tesla shares fell nearly 10% on Thursday as investors worried that the automaker's margins, which have been in steady retreat for the past year, face further headwinds.
( 8
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Russia's central bank raised its key interest rate by a greater-than-expected 100 basis points to 8.5% on Friday, raising the cost of borrowing as the weak rouble added to inflation pressure from a tight labour market and strong consumer demand. It was the first time the bank had lifted rates in more than a year, having gradually reversed an emergency hike to 20% made in February last year after Russia sent its armed forces into Ukraine, which prompted the West to impose sanctions on Moscow.
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min )
Joe Biden’s plans to boost the US microchip industry have been dealt a setback after the opening of a key factory in Arizona was delayed until at least 2025.
( 8
min )
TSMC may have to fly in engineeers from Taiwan to help build its Arizona plant, TSMC chairman Mark Liu complained on Thursday.
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min )
Pipelines to Corpus Christi, Texas, are near capacity as U.S. oil production approaches records
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min )
Shares of Citizens Financial, U.S. Bancorp and KeyCorp are up this week.
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min )
Tesla stock rises after a sharp slump following the electric-vehicle maker's second-quarter earnings, Intuitive Surgical's adjusted profit missed estimates, and revenue falls at CSX on lower fuel and coal prices.
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The lawsuit alleges that fraudulent transfers of cash and shares were used to finance political donations, real estate buys, Sam Bankman-Fried’s criminal defense, and even potentially an island.
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min )
The U.S. DOJ also wants to ban the disgraced founder of FTX and all parties involved in the FTX case from making any out of court statements in the future.
( 6
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Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Carvana, Sirius XM, Estee Lauder, and XPeng. Today, Piper Sandler downgraded Carvana (NYSE:CVNA) to Neutral from Overweight with a price target of $48.00 (previously $29.00). The rating changes came after the company posted impressive Q2 results and announced a debt restructuring agreement, causing the stock to surge over 40% on Wednesday.
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Investing.com -- Intuitive Surgical (NASDAQ:ISRG) reported second quarter results that beat analyst expectations, driven by a rebound in elective surgeries following the lull during the pandemic when non-COVID-related procedures were held back.
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min )
China's weak economic figures had kept a lid on prices through the week. However, sentiment across commodity markets has picked up on hopes the central government would roll out more stimulus measures to support the economy. Higher crude prices have come "on positive commentary on China stimulus and looked through impacts from the stronger U.S. dollar index," National Australia Bank analysts said in a note.
( 6
min )
Volume and pricing gains for CSX’s merchandise segment weren’t enough to offset a decline in intermodal volumes and falling export coal benchmark prices, CSX said. The post CSX’s Q2 profit slips 15% on lower revenues appeared first on FreightWaves.
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With the second half of 2023 well underway, it is a good time to assess the current state of the stock market and examine which equities analysts are selecting as their ‘Top Picks’ for the remainder of the year. The analysts have analyzed each stock, taking into account its past and current performance, trends across various time frames, as well as management’s plans. They consider every aspect before making their recommendations, which offer valuable guidance for constructing a resilient portfo
( 12
min )
De laatste tijd verhogen banken bijna maandelijks hun rente voor spaarders. Bij Rabobank gaat op 15 augustus de rente voor vrij opneembaar spaargeld omhoog van 1,25 naar 1,5 procent. ING-klanten met een spaarsaldo tot en met 10.000 euro ontvangen vanaf dat moment 1,25 procent.
( 3
min )
Als het aan het stadsbestuur in Amsterdam ligt, komen er geen cruiseschepen meer in de buurt van de binnenstad. Ook moet de cruiseterminal die nu nog vlak bij het centraal station ligt, naar een plek buiten het centrum verhuizen.
( 3
min )
Het vorig jaar omgevallen cryptofplatform FTX eist 1 miljard dollar (900 miljoen euro) terug van enkele oud-bestuurders. Onder hen is voormalig topman Sam Bankman-Fried. Volgens de aanklacht zou hij samen met drie anderen geld van FTX achterover hebben gedrukt.
( 3
min )
EU-lidstaten hebben hun financiële huishouding weer beter op orde, blijkt uit nieuwe cijfers. Na de coronasteun en ingrepen tijdens de energiecrisis zorgen landen er weer voor dat hun begrotingstekort en staatsschuld niet te hard oplopen.
( 4
min )
Papierfabriek De Hoop in het Gelderse Eerbeek gaat eind dit jaar echt de deuren sluiten. Het Finse moederbedrijf Stora Enso besluit hiertoe omdat de productie van papier en karton duurder is geworden sinds de oorlog in Oekraïne.
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min )
Bijna maandelijks verhogen banken dit jaar de spaarrente. Nu komt Rabobank voor de vijfde keer dit jaar met een renteverhoging. De rente voor vrij opneembaar spaargeld. gaat op 15 augustus omhoog van 1,25 procent naar 1,5 procent.
( 3
min )
De prijzen van rijst zullen wereldwijd oplopen doordat India, een van de grootste rijstexporteurs ter wereld, de export ervan aan banden legt.
( 4
min )
Consumenten dienen veel minder klachten in over bankiers, blijkt uit cijfers van Tuchtrecht Banken over 2022. De meeste binnengekomen meldingen over het gedrag van bankmedewerkers kwamen van de banken zelf. Al levert niet elke bank netjes iets in over wangedrag.
( 4
min )
Consumenten dienen veel minder klachten in over bankiers, blijkt uit cijfers van Tuchtrecht Banken over 2022. De meeste binnengekomen meldingen over het gedrag van bankmedewerkers kwamen van de banken zelf. Al levert niet elke bank netjes iets in over wangedrag.
( 4
min )
De krapte op de arbeidsmarkt leidt tot steeds meer problemen op de werkvloer, blijkt uit een rondgang van NU.nl. Zo zijn er onder meer conflicten over het concurrentiebeding, dat moet voorkomen dat werknemers soortgelijk werk uitvoeren bij een ander bedrijf.
( 4
min )
The energy crisis in 1973 was one of two oil price shocks during the 1970s. The other occurred in 1979.
( 25
min )
Already at a 15-year high, the top savings account rate in the country is now 5.20% APY. Or you can choose from more than a dozen other options that pay 5.00% or more.
( 19
min )
Investing internationally is a great way to diversify a portfolio, but as an investor you need to know the risks and barriers in the global markets.
( 19
min )
The metals and mining sector is the industry dedicated to the location and extraction of metal and mineral reserves around the world.
( 19
min )
Sales for existing single-family homes dropped to the slowest pace in 14 years and were down 18.8% from the previous year.
( 18
min )
Learn about how bond yields are affected by monetary policy. Find out how this determines the risk-free rate of return and its large role in bond pricing.
( 20
min )
CD rates are still climbing and setting records in almost every term, according to July's new national rate averages from the FDIC. But how long can the good times last?
( 18
min )
American Airlines improved its operating revenue by 17%, but shares fell after its forward guidance underwhelmed compared to other airlines' outlooks.
( 17
min )
The Dow rose, but the S&P 500 slipped 0.7% on Thursday, July 20, 2023, while the Nasdaq tumbled almost 2% after the latest round of corporate earnings reports.
( 17
min )
Shares of conservative shopping site PublicSq soared on their first day of trading on the New York Stock Exchange.
( 16
min )
Shares of Equifax plunged as the credit rating service slashed its full-year sales and profit outlook, blaming a weak mortgage market.
( 16
min )
Economics professor Linda M. Hooks shares critical advice for would-be borrowers contemplating taking out a personal loan.
( 23
min )
Blackstone reaches $1 trillion asset milestone, but weak real estate, credit, dealmaking markets push profit distributions down 40%
( 17
min )
Depreciation recapture is the gain realized by the sale of depreciable capital property that must be reported as ordinary income for tax purposes.
( 23
min )
There is no need for a wallet or phone and Prime members can link their Amazon One profile to their account to receive savings and rewards at more than 500 Whole Foods stores.
( 17
min )
The Paycheck Protection Program (PPP) was a federal program that paid out $790.9 billion in small-business loans during the COVID-19 pandemic.
( 21
min )
Learn how to calculate the real yield of an inflation-adjusted bond, such as U.S. Treasury inflation-protected securities (TIPS).
( 21
min )
How to read and interpret a company's environmental, social, governance (ESG) scores and where to find them.
( 28
min )
A swingline loan is a type of loan that gives borrowers access to a large amount of cash for a short period of time. It can also be used as a line of revolving credit to draw on as needed.
( 20
min )
Discover the major expenses that airlines must pay. The two largest are labor costs and fuel costs, with fuel costs being the largest short-term factor for airlines.
( 19
min )
An investment portfolio is a term that refers to all of your investments. Here's what to focus on if you're building a portfolio specifically for retirement.
( 26
min )
Learn how personal loan interest rates work, how rate types differ, and what the average interest rate is on a typical personal loan.
( 26
min )
YouTube Premium, the site’s ad-free platform offering access to original YouTube production content, just got $2 more expensive.
( 17
min )
Customers at early adopting institutions will be able to send payments almost instantly with the new service.
( 17
min )
Short-term bonds typically yield higher interest rates than money market funds, so the potential to earn more income over time is greater.
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min )
A Regional Check Processing Center (RCPC) is a local Federal Reserve facility where checks that are drawn on depository institutions are processed overnight.
( 21
min )
The Dow Jones Industrial Average (DJIA) reached its all-time high on Jan. 5, 2022, when it hit 36,952.65 points.
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min )
U.S. equites were mixed at midday on July 20, 2023 as weak earnings news, especially in the tech sector, held back gains.
( 16
min )
IBM shares gained after the technology giant beat earnings estimates as productivity rose following layoffs and emphasized client demand for its AI products.
( 16
min )
Shares of Johnson & Johnson advanced as the pharmaceutical and medical products firm posted better-than-expected results and raised its guidance on higher demand for its medtech products.
( 16
min )
Discover Financial Services (DFS) stock fell as much 15% in trading on Thursday after it disclosed regulatory issues involving the misclassification of its credit cards in its second quarter earnings report.
( 17
min )
The American Customer Satisfaction Index (ACSI) is an economic indicator based on a survey of U.S. consumers about products and services they use.
( 22
min )
TSMC shares slid after reporting a drop in profit for the first time in four years, amid a decline in demand for electronics.
( 18
min )
Find out how lending cash to family or friends can put a strain on your relationship and your bank account. Learn how to make family loans safely.
( 22
min )
Real estate investment trusts (REITs) own, operate, or finance income-producing properties.
( 23
min )
Taking out a personal loan can affect your credit score in a number of ways—both good and bad. Repaying it in a timely manner is key to a healthy score.
( 23
min )
Personal loans are a type of funding that usually includes a fixed interest rate, which is typically lower than what’s offered by most credit cards.
( 24
min )
Learn about this type of Roth conversion from a 401(k) and how it is a tax-free strategy
( 23
min )
Netflix shares fell in extended trading after reporting modest earnings and revenue growth as subscribers surged amid the company's crackdown on password sharing and the continued rollout of its new lower-priced subscription tier.
( 18
min )
Elon Musk remained committed to Tesla price cuts despite hurting the company's profitability, suggesting sales volumes would make up for the margin pain in the long run.
( 17
min )
Tesla shares fell after reporting revenue that beat expectations but lower profit margins thanks to price cuts, and Netflix shares tumbled after it missed on revenue projections despite strong subscriber growth. Here’s what investors need to know today.
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min )
An SBA microloan provides funding for small businesses that want to invest in their growth. Learn about an SBA microloan’s features, requirements, and how to apply.
( 22
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Winsorized mean is an averaging method that involves replacing the smallest and largest values of a data set with the observations closest to them.
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A modified endowment contract (MEC) describes a life insurance policy that has lost tax benefits because the cash contained exceeds federal tax-law limits.
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Before purchasing life insurance, it's important to decide if you really need it, what type of policy is best, and how much coverage you should get.
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Lis pendens is an official notice to the public that a lawsuit has been filed and a property has a claim against it.
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The diversions and threatened labor action add new peril to a debt-saddled company that is burning cash.
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Already at a 15-year high, the top savings account rate in the country is now 5.20% APY. Or you can choose from more than a dozen other options that pay 5.00% or more.
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Executives of the regional bank say they are zeroing in on its most profitable business lines and moving away from one-off customer relationships that don't generate as much revenue.
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For months, investors have been trying to forecast the direction of real estate investment trusts (REITs), analyzing various economic forces of inflation, interest rate hikes and the looming possibility of a recession within the next year or two. This week marks the release of second-quarter 2023 earnings for several bellwether REITs spanning different real estate subsectors, and so far, it's been a mixed bag of results. Investors scrutinize year-over-year changes in earnings — or funds from ope
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CD rates are still climbing and setting records in almost every term, according to July's new national rate averages from the FDIC. But how long can the good times last?
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American Airlines improved its operating revenue by 17%, but shares fell after its forward guidance underwhelmed compared to other airlines' outlooks.
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Short covering, a busted pair trade, and possible index rebalancing might be behind the move.
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Tesla Inc. CEO Elon Musk appears to be involved in a secretive project constructing an all-glass home near the company's Austin-area Gigafactory, as reported by The Wall Street Journal. Dubbed Project 42 by Tesla employees, this initiative has been shrouded in mystery over the past year. The Wall Street Journal sources claim that Tesla's board launched an investigation into concerns that Musk might be using company funds to build his glass house. The project is said to involve the purchase of mi
( 9
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Trainer warned that Tesla would have to earn twice the annual profit of Apple by 2032 to justify its current valuation.
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Shares of conservative shopping site PublicSq soared on their first day of trading on the New York Stock Exchange.
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Shares in Elon Musk's EV maker could hit $350, analyst Dan Ives wrote in a new research note following its second-quarter results.
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The German software giant continues to show strong cloud growth, and sees AI doubling the size of its addressable market.
( 26
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Coinbase Borrow, a program that allowed customers to receive fiat loans of up to $1 million against as much as 30% of their bitcoin (BTC) holdings, will be shutting down over the coming months as the company focuses its resources on products that “customers care about most,” a spokesperson said.
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(Bloomberg) -- Newmont Corp. posted its worst day in 12 months after the world’s biggest gold producer reported earnings that missed analyst estimates following a series of operational setbacks.Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomWhat a UPS
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(Bloomberg) -- The Federal Reserve’s widely expected increase in interest rates next week may prove to be the last in its current credit-tightening campaign, former Chair Ben Bernanke said.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIWhat a UPS Strike Would Mean For Consumers, Businesses and the EconomyBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesSelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’
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Tesla CEO Elon Musk said he loves his loyal fanbase of retail investors, and warned that American consumers are falling behind on their monthly bills.
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An investment portfolio is a term that refers to all of your investments. Here's what to focus on if you're building a portfolio specifically for retirement.
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(Bloomberg) -- SAP SE shares fell in New York after second-quarter sales in its cloud unit missed analyst estimates. Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomWhat a UPS Strike Would Mean for Consumers, Businesses and the EconomySales in constant
( 7
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House prices will not rebound after the slump because interest rates will still be higher than they have been for the last decade, economists have warned.
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Microsoft’s stock surged to an all-time high Tuesday after the company announced it would offer a $30-per-month subscription for a suite of A.I.-powered Office products.
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On its earnings call Wednesday, the company highlighted the opportunity for Watson X, its new platform for enterprise AI applications.
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Two analysts raised their price targets on the stock, seeing improving performance for the Azure cloud business and big promise in AI.
( 26
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A surprisingly early distribution and a stretched valuation hit J&J’s consumer health arm hard.
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Nvidia and its CEO, Jensen Huang, came up on Tesla's earnings conference call.
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(Bloomberg) -- Kenvue Inc., the consumer-focused spinoff of Johnson & Johnson that owns brands such as Band-Aid and Tylenol, fell on Thursday after J&J said it’s preparing to launch an exchange offer for its majority stake. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Sinks as Musk Warns of More Blows to ProfitabilityMu
( 8
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The world's largest contract chip maker reported a 23% fall in second-quarter profit as it grapples with a slump in demand for electronic devices.
( 26
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Four insurers have reduced their exposure in the state following series of disasters.
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The carrier's earnings are good, but not quite good enough after the high bar set by rivals Delta and United.
( 26
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Unprecedented temperatures are a common theme this summer, making it very possible this year will be the hottest year ever recorded on Earth. Meanwhile, as the scorching heat bears down on many corners of the globe, investors are enjoying an extended moment in the sun. The markets have been on a consistent upward trend, evoking memories of the euphoric days during the pandemic when gains seemed to come free and easy. In fact, billionaire Seth Klarman suggests that the so-called pandemic bubble m
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IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with PublicSq. to discuss the company’s merger with Colombier Acquisition Corp. (NYSE: CLBR), its growth story and business model along […]
( 8
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Another round of regional banks are out with second-quarter earnings results.
Fifth Third (FITB) said deposits rose around 1% from the previous quarter and 2% from a year earlier.
KeyCorp [(KEY)](http
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Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.
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Saving for retirement is one of the most important parts of securing your financial future. While programs like Social Security can help, they often aren't enough on their own. This is why it is crucial to have retirement savings of … Continue reading → The post How Long Will $800,000 Last in Retirement? appeared first on SmartAsset Blog.
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Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.
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Investors are always delighted when a stock in their portfolio announces a dividend increase. For income investors, it means a monthly or quarterly raise. For investors more concerned with growth, dividend hikes often mean more than just a rise in income. Dividend increases can portend an increase in future earnings as well because the earnings need to cover the dividends being paid to shareholders. As earnings increase, share price appreciation often follows. Most real estate investment trusts
( 9
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A South Florida jury awarded $800,000 in damages to a little girl who received second-degree burns when a hot Chicken McNugget fell on her leg as her mother pulled away from the drive-thru of a McDonald's restaurant. Lawyers for the family of Olivia Caraballo, who was 4 when she was burned in 2019, were seeking $15 million in damages. Jurors reached their verdict after deliberating for less than two hours on Wednesday, the South Florida SunSentinel reported.
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American Airlines beats earnings expectations, posts record revenue in the second quarter, and follows Delta Air Lines and United Airlines in hiking its full-year profit guidance.
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The strike in Hollywood is raising concerns about the streaming service's content.
( 26
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The euro has recently experienced a modest rally, surpassing the 1.1250 level. However, signs of hesitation in its upward trajectory have emerged.
( 8
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The company reports better-than-expected numbers, but ongoing litigation remains a concern for investors.
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Baby boomers and Gen Xers aren't going anywhere—they'll make up more than 25% of the workforce by the end of the decade.
( 8
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Travelers Companies Inc on Thursday reported a 98% fall in quarterly profit, as severe wind and hail storms in parts of the United States pushed up its catastrophe losses. Core income of the New York-based company, often seen as a bellwether for the insurance sector as it typically reports before industry peers, fell to $15 million, or $0.06 per share, in the second quarter ended June 30, from $625 million, or $2.57 per share, a year earlier. Severe storms in parts of the United States caused the insurer's catastrophe losses net of reinsurance to jump to $1.48 billion from $746 million a year earlier.
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Banks have begun to raise their buffers for credit-loss provisions in the event customers, facing the brunt of high interest rates, are unable to pay back debt on their credit cards or miss loan repayments. "We prudently increased our provision and allowance amid the uncertain economic backdrop," Truist CEO Bill Rogers said in a statement. The bank set aside $538 million in provisions for credit losses in the quarter ended June 30, compared with $171 million a year earlier.
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The company reports better-than-expected earnings, but talc worries and legal risks remain top of mind for investors.
( 26
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The company incorrectly classified certain credit card accounts into its highest merchant and merchant acquirer pricing tier, beginning around mid-2007, Discover said after markets closed on Wednesday. It has also received a proposed consent order from the Federal Deposit Insurance Corporation (FDIC) in connection with consumer compliance that does not include the card product classification matter. However, Discover said it has determined that the revenue impact of the incorrect card product classification was not material to its consolidated financial statements for any of the affected periods.
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This year has taught the brokerage the downsides of being a bank when interest rates shoot higher.
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(Bloomberg) -- Tesla Inc. fell in late trading after profitability shrank in the second quarter, and the carmaker warned hits to margins are likely to keep coming.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Ol
( 8
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The world's largest contract chip maker reported a 23% fall in second-quarter profit as it grapples with a slump in demand for electronic devices.
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Taiwanese chipmaker TSMC posted a 23.3% fall in second-quarter net profit on Thursday as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers and coming off a strong period last year. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc supplier, saw April-June net profit drop to T$181.8 billion ($5.85 billion) from T$237.0 billion a year earlier. That compared with the T$172.55 billion average of 21 analyst estimates compiled by Refinitiv.
( 7
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We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.
( 7
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(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. posted a smaller than expected profit decline, after the global AI development boom outweighed a persistent slump in smartphone demand.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Investor Rode a 14,800%
( 8
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Despite their woeful underperformance this year, income-oriented investors should still consider including dividend-paying stocks or funds in their portfolios.
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Finnish telecom gear group Nokia on Thursday reported a drop in second-quarter profit due to a drop in margin as growth in sales of 5G gear in markets such as India failed to offset slowing demand in North America. Comparable operating profit fell to 626 million euros ($702.37 million) from 714 million euros last year. Nokia and rival Ericsson have been hit by slowing orders from customers, mostly in their high-margin North American markets.
( 6
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(Bloomberg) -- China’s latest pledges to rebuild a shattered private sector fell flat with investors, underscoring the damage two years of crackdowns and pandemic controls have had on confidence in the world’s second-largest economy. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14,800% Gain Thanks to 27
( 10
min )
(Bloomberg) -- Nothing symbolizes the demise of China Evergrande Group like the Hong Kong tower that it bought for a record $1.6 billion. Once a jewel in the developer’s crown, creditors are still trying to sell the building almost a year after seizing it. Most Read from BloombergA $500 Billion Corporate-Debt Storm Builds Over Global EconomyApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14
( 9
min )
The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow's mayor as showing the resilience of Russia's auto industry to Western sanctions. "This is a historic event," Sergei Sobyanin said as the Moskvich was unveiled at a factory the Moscow government took from French carmaker Renault last year for just one rouble ($0.01).
( 10
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Recent months have made it clear that the Biden Administration’s embrace of the ‘Green Economy,’ and especially the clean energy sector, is far more than just skin deep. The administration, from the Inflation Reduction Act signed last August to more recent multi-billion-dollar funding initiatives, has been going all-in on clean energy. The Biden White House has been promoting electric vehicles, pushing for solar and wind-powered energy production, and implementing tax and regulatory incentives t
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The U.S. housing market firmed up this year. One reason being that buyers jumped in assuming they'll be able to refinance to a lower rate in the near future.
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Het aantal werklozen kwam eind juni uit op 353.000. Daarmee zit 3,5 procent van de beroepsbevolking thuis zonder baan. Dat is net zoveel als een maand eerder, meldt statistiekbureau CBS donderdag.
( 3
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Ervaren Indonesische verpleegkundigen worden onder valse voorwendselen naar Nederland gehaald om hier de zorg te verlichten. Ze moeten veel meer werken dan afgesproken en worden niet opgeleid zoals beloofd, blijkt uit onderzoek van NU.nl. De arbeidsinspectie en de IND hebben zich nu ook op de zaak gestort.
( 8
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De Turkse centrale bank schroeft zijn rentetarief opnieuw op, van 15 naar 17,5 procent. Daarmee hopen de Turkse autoriteiten de gierende inflatie in het land onder controle te houden.
( 3
min )
Tata Steel twijfelt over de manier waarop het bedrijf 'groen staal' gaat maken. Zelfs een volledig afscheid van het plan om klimaatvriendelijk staal te maken met groene waterstof ligt op tafel, blijkt uit interne notulen die in handen van NU.nl zijn.
( 8
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Volvo wil steeds meer elektrische auto's verkopen, maar de focus op elektrisch is niet direct goed voor de winstcijfers. In het tweede kwartaal maakte de autofabrikant 3,5 miljard kronen (300 miljoen euro) winst, 60 procent minder dan vorig jaar.
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De Rotterdamse haven heeft last van de hoge inflatie en de wereldwijd afzwakkende economie. De overslag daalde in de eerste zes maanden van dit jaar dan ook met 5,5 procent.
( 3
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Ook Apple werkt aan een eigen chatbot met kunstmatige intelligentie, meldt Bloomberg. Maar deze 'AppleGPT', zoals hij door ingewijden wordt genoemd, is voorlopig nog niet klaar voor het grote publiek.
( 3
min )
Netflix heeft de afgelopen maanden miljoenen nieuwe abonnees verwelkomd. Dat komt deels doordat de streamingdienst het onderling delen van accounts met vrienden en familie aan banden heeft gelegd. Daardoor hebben meer mensen een eigen abonnement genomen.
( 3
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De Autoriteit Consument & Markt heeft twee producenten van verkeersborden een boete opgelegd vanwege verboden prijsafspraken.
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Netflix heeft de afgelopen maanden miljoenen nieuwe abonnees verwelkomd. Dat komt deels doordat de streamingdienst het onderling delen van accounts met vrienden en familie aan banden heeft gelegd. Daardoor hebben meer mensen een eigen abonnement genomen.
( 3
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Tesla beleeft een zeer succesvol jaar. Er werden in het afgelopen kwartaal veel meer auto's verkocht en daardoor steeg de omzet van de autofabrikant met bijna 50 procent tot omgerekend 22,2 miljard euro. Dat leverde ook meer winst op.
( 3
min )
Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.
( 3
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Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.
( 3
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Bedrijven hebben in mei 6,9 procent meer geïnvesteerd dan in dezelfde maand vorig jaar. Dat komt vooral doordat ze meer geld hebben gestoken in gebouwen, personenauto's en vliegtuigen.
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Consumenten waren in juli net zo negatief over de economie als de maand ervoor. Daarmee zijn ze al vier jaar onafgebroken pessimistisch.
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Funds from operations (FFO) and adjusted funds from operations (AFFO) are superior predictors of REIT performance. Find out how to use FFO and AFFO to value REITs.
( 25
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Financial professionals use a wide variety of quantitative and qualitative techniques to understand inventory in their investing analyses.
( 19
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Extended normal costing tracks production costs with an estimate for overhead costs rather than actual expenditures.
( 19
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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.
( 19
min )
The S&P 500 rose 0.2% on Wednesday, July 19, 2023 as the market rally continued to be fueled by solid earnings reports.
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Elevance Health shares gained after reporting results that beat forecasts and raising its 2023 guidance as medical insurance premiums rose and payouts were less than anticipated.
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Halliburton shares slumped after warning that lower oil and gas prices will reduce drilling in the second half of 2023.
( 16
min )
Learn about Porter's 5 Forces and SWOT analysis, tools companies use to analyze the competition, make strategic decisions, and boost profitability.
( 22
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The agency said it will help states target anticompetitive behaviors that hike prices in food, retail, and meat and poultry processing.
( 17
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Deciding between a tax-deferred and a tax-exempt retirement account—or having both—comes down to understanding when the tax benefit kicks in.
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Netflix scrapped its cheapest ad-free subscription plan in the U.S. and U.K. in an effort to boost revenue and draw more users to its ad-supported plan released last year.
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A bank endorsement is a guarantee or assurance made by a bank that a negotiable instrument, such as a banker's acceptance or a letter of credit, will be honored.
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Is it possible to have more than one personal loan at once? Yes, it is. However, the number of personal loans you can have at once is limited by your lender.
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A check hold is the number of days that a bank can legally hold the money from a deposited check. A hold can happen for various reasons and different periods of time.
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For single-family homes, starts in June were 7.0% lower than in May, ending the month at an annual rate of 935,000.
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Research and development (R&D) is a term to describe the effort a company devotes to the innovation, and improvement of its products and processes.
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You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
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SALT loans allow borrowers to maintain ownership of their blockchain assets, while also gaining access to cash via a loan.
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"The Great Wealth Transfer" will pass on trillions of dollars in inheritance to Americans over the next decade, however, a new survey shows that just 42% them feel confident about their money managing abilities.
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What are the safest industries for long-term investment and why?
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Unlimited bond purchase programs involve open-ended commitments by central banks to purchase distressed government debt.
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Contingent convertibles (CoCos) are debt securities that can be converted into a company's common stock. They offer high returns but come with high risk.
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Tesla filed plans to expand its German gigafactory into the largest car plant in Europe.
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The rally in U.S. equities continued at midday on July 19, 2023, buoyed by more strong earnings reports.
( 16
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An SBA 504 loan is a common loan backed by the U.S. Small Business Administration for people who want to purchase and build assets to grow their business.
( 24
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Mergers and acquisitions could be evaluated under a tougher antitrust lens as Department of Justice and Federal Trade Commission propose new rules.
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min )
If you owe money to the IRS, you have a couple different options to help with repayment. Either an IRS payment plan or taking out a personal loan could work, depending on your financial situation.
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Carvana shares soared after the online used car retailer restructured its debt and reported record-setting quarterly EBITDA and gross profit per unit.
( 17
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How traders use the Commodity Channel Index (CCI) to evaluate buy and sell signals based on price trends over various timeframes.
( 23
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Goldman Sachs net earnings plunged 58% as it wrote-off goodwill for its GreenSky consumer lending platform and marked down real estate investments all while investment bank dealmaking—a big source of its fee revenue—slowed down.
( 17
min )
Activision Blizzard and Microsoft have extended their acquisition deadline to October after regulatory delays pushed the past the limits of the original agreement.
( 18
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Accurate real estate valuation is important to mortgage lenders, investors, insurers, and buyers and sellers of real property.
( 24
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Core retail sales is an economic indicator of the strength of retail in the U.S. It excludes certain highly volatile categories such as gasoline.
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Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.
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Don't let these errors in judgment affect your good credit for the rest of your life.
( 24
min )
Qualcomm chips will support Meta's Llama 2 Large Language Model (LLM), in a move that will bring LLMs—that typically need data centers to run because of computational requirements—to smartphones and PCs starting 2024.
( 17
min )
Understand how real estate is legally different from real property and the implications of that difference for each property owner.
( 18
min )
(Bloomberg) -- Tesla Inc. is sparing no expense to become a player in supercomputing, with Elon Musk saying the electric carmaker plans to invest more than $1 billion on its so-called Project Dojo by the end of 2024. Most Read from BloombergA $500 Billion Corporate-Debt Storm Builds Over Global EconomyApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old Analyst
( 7
min )
(Bloomberg) -- Discover Financial Services slumped in late trading after the lender disclosed that it was in discussions with regulators over how it misclassified some of its credit cards. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomIn London, New York and Paris, a Giant Office Bet Is Going WrongMusk Says Tesla to Spend Over
( 8
min )
FTC Chair Lina Khan said the agency is looking into whether roll-up strategies, often used by private equity firms, violate antitrust laws.
( 6
min )
Shares in Discover Financial Services tumbled more than 13% in after-hours trading on Wednesday after its quarterly earnings fell short of expectations and it announced a share repurchase pause as it investigates incorrect classification of credit card accounts from around mid-2007. Discover, a U.S. provider of digital banking and payment services, last traded at $105.63 after closing the regular session up 15 cents at $121.85. The company said it decided to pause share repurchases during its internal review.
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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.
( 20
min )
Recent results highlight difficulties at the country’s most famous financial institution
( 8
min )
Disney World may be "the happiest place on Earth," but Disney shares have taken investors on a disappointing roller-coaster ride in the past year—leading many to jump off.
( 26
min )
Enterprise software provider IBM's second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by tepid spending from businesses. IT majors such as Accenture and India's Tata Consultancy Services have also flagged demand weakness, with the former missing market estimates for quarterly revenue last month after its North America revenue grew at its slowest rate in about three years. Revenue growth in the U.S. and Western Europe was "muted" as the company wrapped up the cycle for its mainframe computers it launched last year, Chief Financial Officer James Kavanaugh said in an interview.
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The online auto retailer reports its best ever quarter for profit, and announces an agreement to cut its debt.
( 26
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BofA Global Research analyst Wamsi Mohan says the debut of the iPhone 15 could be delayed until the December quarter.
( 26
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Solid results in software and services were partially offset by softer mainframe sales.
( 26
min )
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( 6
min )
Workers and management at Lincoln Electric have agreed to an unusual arrangement that includes some major tradeoffs for a major benefit: no layoffs.
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The housing market has grown exponentially since the COVID-19 pandemic, with owner-occupied housing wealth rising to $9 trillion from the first quarter of 2020 to the first quarter of 2022, according to the Federal Reserve. The rising demand, resulting from ultra-low interest rates and limited supply, played a crucial role in bolstering the housing market. Despite the Fed's contradictory hawkish stance resulting in sky-high mortgage rates, housing demand has continued to grow. Average home price
( 8
min )
JPMorgan Chase recently reported second-quarter results, with both revenue and earnings exceeding Wall Street's expectations. But CEO Jamie Dimon is erring on the side of caution. "There are still salient risks in the immediate view," he said in the earnings press release. "Consumers are slowly using up their cash buffers, core inflation has been stubbornly high — increasing the risk that interest rates go higher and stay higher for longer — quantitative tightening of this scale has never occurr
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min )
Oil field service companies shares are beating those of their customers
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Susquehannah analyst Christopher Rolland reaffirmed a Neutral rating on the stock, raising his target for the price to $35 from $32.
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Disney World may be "the happiest place on Earth," but Disney shares have taken investors on a disappointing rollercoaster ride in the past year—leading many to jump off.
( 26
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Truist's Youssef Squali is the latest analyst to boost his expectations ahead of the company's second-quarter earnings report.
( 26
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Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold. The post Nikola clear to increase share count — thanks to Delaware rule change appeared first on FreightWaves.
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The average retirement account balance fell by 20% compared to 2021, according to Vanguard.
( 7
min )
J.P. Morgan analyst Samik Chatterjee raised his rating and price target on the stock, which he thinks is too cheap.
( 26
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These are good times for the markets. Inflation concerns are abating, showing that the Fed’s aggressive efforts to tame it are bearing fruit. At the same time, notes Oppenheimer’s Chief Investment Strategist John Stoltzfus, the strength exhibited by labor, the consumer, and business have contributed to “improved sentiment” in the stock market. While the rally that drove the gains in the first part of the year was led by the Mega Caps, it is now widening to less heralded corners. And that brings
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Fixed-income securities play an important role within individual investment portfolios and the economy at large. But like other securities, fixed-income instruments come in a myriad of variations, from short-term Treasury bills that only pay interest when the bill matures, to … Continue reading → The post Treasury Bills vs. Bonds: What's the Difference? appeared first on SmartAsset Blog.
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There's no shortage of budgeting and spending rules when it comes to personal finance. One says you shouldn't spend more than 30% of your monthly income on housing. Another says to always save 10% of your income. Don't take more … Continue reading → The post Are You Using the Golden Ratio of Finance? appeared first on SmartAsset Blog.
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If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A spouse or other family member who inherits a house generally … Continue reading → The post What Happens to Your Mortgage When You Die? appeared first on SmartAsset Blog.
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I am 81 years old. I have a home mortgage balance of $118,300. I also have a $110,000 rollover individual retirement account (IRA) invested with a bank. Should I withdraw the money from my investment and put the money to … Continue reading → The post Ask an Advisor: I'm 81, Have a $118K Mortgage and a $110K IRA. Should I Withdraw From My Investments to Pay off My Mortgage? appeared first on SmartAsset Blog.
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Retiring at 40 with $2 million is an ambitious goal, but that doesn't mean it's impossible. While you'll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan … Continue reading → The post How to Retire at 40 With $2 million appeared first on SmartAsset Blog.
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Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
( 9
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Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. Most of the 20.27 million millionaires in the U.S. did not … Continue reading → The post Where Do Millionaires Keep Their Money? appeared first on SmartAsset Blog.
( 9
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Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
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Wall Street is looking for the electric-vehicle maker to report earnings per share of 80 cents, and sales of $24.2 billion for the second quarter. Gross-profit margins deserve a look, too.
( 26
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The telecoms company is looking to calm concerns over its potential liability for contamination, while analysts suggest the reaction that hit its and Verizon's stock was overdone.
( 26
min )
Carvana shares surged before the market open after the online used-car retailer said it had reached a deal to reduce its interest payments and indebtedness.
The troubled Arizona-based company also reported a narrower second-quarter loss than analysts had expected early Wednesday. The stock jump, if
( 22
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The luxury industry can be fickle, as one of its most influential executives has found out.
Shares in French luxury group Kering are up 6% after it announced that Marco Bizzarri, the chief executive of
( 23
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(Bloomberg) -- A trip to the restaurant that sits atop the No. 1 Poultry office block in London’s financial district is a chance to experience firsthand the Tale of Two Cities that’s upending the commercial real-estate market.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMorgan Stanley Moves 200 Tech Experts From China on Data
( 11
min )
ASML said it expects net sales growth this year of around 30% compared with 2022, compared with previous guidance of more than 25%.
( 29
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Analysts are looking to see the impact of price cuts on the EV maker’s bottom line.
( 26
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The online auto retailer will now report earnings before the market opens Wednesday, having previously set a date of Aug. 3 for its results.
( 26
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Investors have fled healthcare stocks this year, ducking out of a trade that seemed a smart defensive play last year, as market conditions have changed.
( 31
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Inflation slowed at a faster-than-expected pace in June, amid a big fall in petrol prices and a slowdown in rising food costs.
( 7
min )
Concerns about lead-sheathed wires have caused shares of the telecom giants to tumble and raised concerns about the safety of their payouts.
( 26
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Dutch semiconductor equipment maker ASML on Wednesday reported second-quarter net profit of 1.9 billion euros ($2.13 billion) on sales of 6.9 billion euros, slightly ahead of analyst expectations. Analysts had seen net profit at 1.82 billion euros on revenues of 6.74 billion euros, according to Refinitiv data. ($1 = 0.8913 euros)
( 6
min )
Martin Rucker became a Detroit firefighter in hopes of getting a full pension. But the city's bankruptcy left him with financial challenges.
( 10
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Microsoft's one-day gain in market value is more than the entire valuation of about 450 S&P 500 companies.
( 7
min )
HANOI (Reuters) -Vietnamese automaker VinFast said on Wednesday it would start construction of a $4 billion electric vehicle factory in North Carolina next week as part of its push to expand in the United States market. The unit of Vietnam's largest conglomerate Vingroup, which began operations in 2019, announced plans for the U.S. factory last year. "When it begins operations, the factory will be VinFast's primary supplier of electric vehicles to the North American market," said Thuy Le, head of VinFast Auto.
( 7
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In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned. The post Yellow says it’s not paying even as potential strike looms appeared first on FreightWaves.
( 7
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What should we make of the markets today? That’s the question on the minds of every market and economic expert out there – and it’s a challenging one. Inflation has dropped to 3% annually, and the labor market is hot. Stocks are up, indicating that investors have priced in the risk of higher prices. However, this leads to a problem highlighted by Piper Sandler’s chief strategist, Michael Kantrowitz. He points out that estimates for forward earnings are not keeping up with the positive sentiment.
( 10
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Zeeuwen, Groningers en Drenten starten steeds vaker een eigen bedrijf. In de Randstad neemt het aantal startende ondernemers juist amper nog toe. Dat blijkt uit cijfers van de Kamer van Koophandel.
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min )
Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.
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min )
Grote pensioenfondsen zagen hun financiële positie de afgelopen tijd verbeteren. Dit komt onder meer door gunstige beleggingen. Het is nog onduidelijk of dit ook betekent dat de pensioenen aan het einde van het jaar omhoog kunnen.
( 4
min )
KPN kampt met een storing waardoor klanten problemen hebben met televisiekijken. Daardoor zijn in sommige regio's in Nederland alleen NPO 1, 2 en 3 te kijken, zegt een woordvoerder desgevraagd tegen NU.nl.
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min )
Heb je een VanMoof-fiets (besteld) of staat-ie ter reparatie in de werkplaats, dan breekt er een onzekere periode aan. Want krijg je je fiets (of je geld) nog wel terug nu VanMoof failliet is verklaard?
( 5
min )
De prijzen voor tarwe en mais op de beurs in de Amerikaanse stad Chicago zijn woensdag flink gestegen na een Russisch dreigement over de scheepvaart naar Oekraïne. Het is opnieuw een escalatie na het aflopen van de zogenoemde graandeal.
( 3
min )
Ruim 5,6 miljoen mensen reisden in juni van, naar of via Schiphol. Dat is een toename van 8 procent ten opzichte van dezelfde maand vorig jaar. Toen ging het om 5,2 miljoen mensen.
( 3
min )
Rusland heeft laten weten weer te willen spreken over een verlenging van de Oekraïense graandeal, die begin deze week afliep. Maar dan moeten de Verenigde Naties er wel binnen drie maanden voor zorgen dat de Russische export weer soepeler verloopt.
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min )
Pakketbezorger GLS heeft dinsdag onbedoeld e-mails verstuurd naar zo'n vijfduizend zakelijke en particuliere klanten. Dat laat het bedrijf woensdag weten aan NU.nl. In de mails stonden onder meer privégegevens van klanten.
( 3
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Rusland heeft laten weten weer te willen spreken over een verlenging van de Oekraïense graandeal, die begin deze week afliep. Maar dan moeten de Verenigde Naties er wel binnen drie maanden voor zorgen dat de Russische export weer soepeler verloopt.
( 4
min )
Grutto's, geelgorzen en graslandvlinders hebben voorlopig weinig aan de Europese natuurherstelwet: vrijwel alle maatregelen voor natuurherstel in boerenland zijn weggestemd door het Europees Parlement. Alleen regeringsleiders kunnen daar nog iets van doen terugkeren, en landen die zelf aan de slag gaan.
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Er moeten duidelijke en heldere regels komen om de risico's van kunstmatige intelligentie (AI) tegen te gaan. Dat zegt de Veiligheidsraad van de Verenigde Naties, die voor het eerst bij elkaar kwam om over dit onderwerp te praten.
( 4
min )
Cryptoplatform Binance sluit binnenkort zijn deuren voor Nederlandse gebruikers, dus moeten Nederlandse gebruikers vertrekken. Het handelsplatform maakt nu bekend dat je voor 17 augustus je cryptovaluta moet weghalen.
( 3
min )
Grote bedrijven die veel stroom verbruiken kunnen in Zeeland voorlopig geen aanvraag meer doen voor nieuwe aansluitingen of verzwaring van hun huidige aansluiting. Netbeheerder TenneT zegt dat het stroomnet in Zeeland de maximumcapaciteit heeft bereikt.
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min )
Klanten van GLS hebben dinsdag een overweldigend aantal e-mails ontvangen die niet voor hen waren bedoeld. GLS maakt daarvan melding op zijn website. Volgens de pakketdienst was er sprake van een storing.
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min )
Deelscooterbedrijf Felyx mag zich niet meer 'duurzaam', 'schoon' of 'groen' noemen. Ook mag het bedrijf niet meer zeggen dat je CO2 bespaart door van de scooters gebruik te maken, oordeelt de Reclame Code Commissie.
( 3
min )
Jumbo denkt dat de periode met flinke prijsverhogingen in de supermarkten langzaam maar zeker voorbij is. Wel waakt de supermarktketen voor te veel optimisme. Doordat lonen en huren nog oplopen, blijven prijzen in de supermarkt dat ook doen.
( 3
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ASML verdient weer meer geld aan de verkoop van chipmachines in het tweede kwartaal van 2023. Hoewel het Veldhovense technologiebedrijf onder druk staat van de geopolitieke strijd tussen China en het Westen, is dat niet te zien in verkoopcijfers. Voor heel 2023 verwacht ASML een grote verkoopstijging.
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The CSS Profile is a financial aid application used by nearly 250 colleges, universities, and scholarship programs to award non-federal aid.
( 23
min )
Full-coverage car insurance includes liability insurance, which covers the other driver's costs if you're at-fault. Learn more about how these insurance policies work.
( 23
min )
A business is bonded if it has a surety bond, a legal contract whereby a surety company assumes liability for a debt or other obligation one business owes to another.
( 23
min )
The S&P 500 gained 0.7% on Tuesday, July 18, 2023, after a new round of strong corporate earnings reports.
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Low-cost carriers have become powerful players in the airline sector. However, the COVID-19 pandemic changed the game.
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min )
Credit card posting is the point at which a transaction is "posted to" a cardholder's account and the money is either taken from or added to the account.
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min )
Your retirement security depends on how well you built your nest egg. Find out how to get the most out of your 401(k) plan.
( 28
min )
Comcast's NBCUniversal is hiking prices for its Peacock streaming platform for the first time since it launched the service three years ago.
( 18
min )
Adam Smith is considered the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product (GDP).
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min )
Lockheed Martin posted better-than-expected quarterly results and raised its guidance as demand for military weapons rose.
( 16
min )
Microsoft announced an AI-powered premium version of its Microsoft 365 product that would cost users $30 per month. And it's doubling down on AI applications through tie-ups with companies like Meta.
( 17
min )
Johnson & Johnson joined others in the pharmaceutical industry suing the government over new Medicare prescription drug price rules.
( 17
min )
Corporate social responsibility (CSR) is a business model that helps a company be socially accountable to itself, its stakeholders, and the public.
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Earnings at some of America’s biggest banks including JPMorgan Chase, Bank of America, and Wells Fargo were buoyed by rising loan balances, even as loan applications fell nationwide.
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Find out whether a fund's performance is a result of the manager's abilities or just a fluke.
( 20
min )
A pure play is a company that invests in one line of business, so its stock performance correlates highly to the performance of its sector.
( 19
min )
How you invest is just as important as what you buy. Find out which style is right for you, and how to follow it.
( 18
min )
Net advantage to leasing (NAL) refers to the total monetary savings that would result from a person or a business choosing to lease an asset, as opposed to purchasing it outright.
( 18
min )
The slowdown in deposit flight allowed Charles Schwab's shares to rise about 12% in trading, despite a drop in net income in the second quarter.
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min )
Novartis ADRs jumped after the pharmaceutical firm raised its outlook, announced a stock buyback, and detailed spinoff plans.
( 16
min )
China's disappointing GDP growth pushed European stocks and oil downward and triggered a shift in sentiment about future Fed rate changes.
( 17
min )
Morgan Stanley posted record wealth management revenue and beat profit and sales estimates as the bank benefited from higher interest rates following the Fed's rate hikes to fight inflation.
( 16
min )
Despite the ‘Great Resignation,’ one in four workers will be 55 or over by 2031, study shows.
( 17
min )
The Dow and S&P 500 advanced at midday on July 18, 2023 following strong earnings reports from some of the nation's biggest banks.
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Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.
( 20
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Bank of America reported double-digit growth in revenue and net income in the second quarter on Tuesday, as higher interest rates boosted income it generated from lending money.
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A closed-end lease is a type of rental agreement that does not require the lessee to purchase the asset at the end of the lease.
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Consumers spent $689.5 billion in June, 0.2% more than in May, but economists were expecting a 0.5% jump in spending.
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Collision damage waiver (CDW) is additional insurance coverage offered to an individual renting an automobile.
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The NAHB's Housing Market Index gained one point month-over-month, ending June at its highest level in a year.
( 17
min )
When the terms premium and discount are used in reference to bonds, they are telling investors the purchase price of the bond is either above or below its par value.
( 20
min )
Securities and Exchange Commission Chair Gary Gensler warned corporations to make accurate representations about their AI-related moves to ensure investors are not deceived.
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The Saving on a Valuable Education (SAVE) Plan is an income-driven repayment (IRD) plan introduced by the U.S. Department of Education that will replace the Revised Pay-As-You-Earn (REPAYE) plan.
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A home improvement loan can be a type of personal loan, but it's also possible to fund home-related projects with other types of loans.
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Secured loans are a type of loan backed by collateral, whereas unsecured loans don’t require collateral and are based primarily on a borrower's creditworthiness.
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U.S. households are reporting lower levels of access to financial services and support compared to 2022, according to a survey by Principal. The U.S. reported a 12% decline from 2022 in residents who have access to things such as bank accounts, loans, mortgages, retirement and pension plans, and more.
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Revenue is the total income earned by a company for selling its goods and services. Earnings are revenues minus all expenses associated with operating the business.
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From its beginnings, Netflix has been a disruptor. Now, its popular streaming service is forcing the television industry to adapt or die trying.
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min )
(Bloomberg) -- Richard Cooper’s phone is something of an early alarm bell for the global economy. Lately, it’s been ringing a lot.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMorgan Stanley Moves 200 Tech Experts From China on Data LawMassive US Oil Caverns Sit Empty and Will Take Years to RefillA partner at Cleary Gottlieb,
( 11
min )
(Bloomberg) -- AT&T Inc. says less than 10% of its nationwide copper-wire telecom network has lead-clad cables, addressing investor concerns over the extend of a potentially massive contamination situation and costly cleanup.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeIn Man
( 8
min )
(Bloomberg) -- Carvana Co.’s shares tumbled after the used-car retailer surprised investors with a last-minute change to its earnings plans.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeIn Manchester United Bidding War, Ratcliffe’s $16 Billion Fortune Might Not Be EnoughThe co
( 7
min )
(Bloomberg) -- Apellis Pharmaceuticals Inc. shares headed for their worst two-day drop on record after confirming reports that some patients experienced severe inflammation following treatment with its eye drug.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeTokyo Heat Smashes 1
( 7
min )
(Bloomberg) -- Microsoft Corp. is one of the most-loved stocks on Wall Street, but even the wildly positive views surrounding the software giant haven’t been able to keep up with a rally that has already topped 50% this year.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMassive US Oil Caverns Sit Empty and Will Take Years to R
( 7
min )
Shreya Datta spent months swiping through dating apps searching for a connection when she encountered "Ancel Mali," a self-proclaimed wine trader from France, on Hinge. Mali claimed he had recently relocated to West Philadelphia. Once they transitioned their conversation to WhatsApp, Mali swiftly deleted his Hinge profile, expressing a desire to prioritize their connection and focus solely on Datta. After engaging in online conversations filled with flirtatious emojis and selfies for a couple of
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min )
The security is trading at a fresh one-year high
( 7
min )
Software giant Microsoft plans to charge $30 a month per user for the new artificial-intelligence software, a potentially huge price hike for customers who adopt it.
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min )
(Bloomberg) -- Hundreds of regular investors who together put up $63 million to buy pieces of Atlanta and Miami commercial real estate have allegedly seen their funds disappear. Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMassive US Oil Caverns Sit Empty and Will Take Years to RefillTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes GlobeTrump Gets Letter Saying He Is a Target of DOJ J
( 7
min )
Only 10% of cloud servers are enabled with chips suited to accelerate AI projects, BofA says.
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min )
Shares of Microsoft jumped about 4% after the company made announcements about artificial-intelligence-related products.
That puts Microsoft on pace to close at a new all-time high.
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min )
Lordstown Motors filed for bankruptcy protection in late June. Somehow that fired up investor interest in shares of other unprofitable, electric-vehicle start-ups.
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Jim Cramer, the charismatic host of "Mad Money" on CNBC, has made numerous intriguing stock picks. Recently, he opened up about what he calls a "disturbing experience" related to his commentary on a particularly hot tech name. "A friend came to me recently at a party and said he had figured out why I was so darn hated," he said in a video posted by CNBC on Instagram. "I was hated because of Nvidia." Cramer was not pleased, saying he doesn't like friends to tell him he's hated. "And I certainly d
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The debt-laden carrier is seeking to defer contributions as it struggles with liquidity.
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(Bloomberg) -- Microsoft Corp. said new corporate artificial intelligence tools that work with Office software, called Microsoft 365 Copilot, will cost $30 per user per month on top of what most business customers already pay.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes Globe
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min )
The pop star has tapped the lawyer who helped her win a sexual-misconduct case.
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min )
Major American providers of oilfield services supplied Russia with millions of dollars in equipment for months after its invasion of Ukraine, helping to sustain a critical part of its economy even as Western nations launched sanctions aimed at starving the Russian war effort. Russia imported more than 5,500 items worth more than $200 million from the top five U.S. firms in the sector — led by SLB, Baker Hughes and Halliburton — in the year following the invasion that began in February 2022. The technology helped keep some of the world’s most challenging oilfields operating in a sector that provided nearly half of Russia’s federal revenues in 2021.
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(Bloomberg) -- Western Alliance Bancorp spent much of this year ensnared in turmoil sparked by a series of regional bank collapses that spooked its investors and attracted short sellers.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore Passport Is World’s Most Powerful, Replacing JapanTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes GlobeUS Plans Narrow China Tech Investment Limits, Likely by 2024Tesla Investor Rode a 14,800% Gain Thanks to
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min )
Carnival upgraded, Norwegian Cruise downgraded: Wall Street's top analyst
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In the wake of the very encouraging latest inflation report, there’s a sense of renewed optimism on Wall Street. There is growing confidence that the series of interest rate hikes taken by the Fed since March 2022 in its effort to tame inflation is about to come to an end. While that positive development has been hogging the headlines, BlackRock CEO Larry Fink thinks the economy is facing a big issue elsewhere: the US debt is spiraling out of control. In June, for the first time ever, national d
( 10
min )
PNC Financial was the first big regional to report results this morning, in what is expected to be a critical earnings season for banks after several failures this year.
Shares of PNC rebounded from pr
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AT&T and Verizon stocks were in the green Tuesday even as uncertainty around the potential cost to clean up lead-covered cables loomed.
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The court decision is important not only because it could give drivers more rights to claim expenses, but also because it may open up food delivery and ride-sharing companies to fresh rounds of large-scale class-action lawsuits.
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The logistics-property giant is building and buying warehouses even as interest rates rise and logistics demand falters.
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min )
With a massive net worth of $114 billion and a reputation as one of the greatest investors in history, Warren Buffett's words carry immense weight in the financial world. At the age of 92, Buffett's wealth of experience makes him a trusted source of advice for many. One particular piece of timeless wisdom he shared years ago resonates strongly today: Politics has no place in the realm of investing. During a 2019 conversation with CNBC’s Becky Quick, Buffett, chairman of Berkshire Hathaway Inc.,
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The loss on the portfolio, which totals $614 billion, increased by nearly $7 billion relative to the first quarter.
( 26
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The jet maker reported adjusted earnings per share of $6.75 from $16.7 billion in sales, Tuesday. Wall Street was looking for $6.45 from $15.9 billion.
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Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College … Continue reading → The post Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement appeared first on SmartAsset Blog.
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Saving for retirement is a top financial priority for many. If you're one of those who has prioritized retirement by opening a Roth 401(k), it's crucial to use the account optimally to build tax-free retirement income. The IRS has raised … Continue reading → The post Roth 401(k) Contribution Limits for 2023 appeared first on SmartAsset Blog.
( 9
min )
Tesla's second-quarter report is coming. Investors will study the electronic-vehicle giant's earnings, but they will be keen to see capacity, among other things.
( 26
min )
Falling inflation has helped boost stocks—and could keep the rally going.
( 26
min )
↘️ Bank of America (BAC): The nation’s second-largest bank reported a 19% rise in quarterly profit and said earning
( 23
min )
PNC Financial Services Group earnings were flat year over year, but came in ahead of expectations.
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Customers have been pulling money from sweep accounts for the past year, forcing Schwab to rely more on costly short-term funding sources.
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Shares of the bank fell nearly 3.5% in premarket trading as it estimated NII to rise 5% to 6% in 2023 from last year, compared to its previous forecast of 6% to 8% growth. The cut in full-year expectations for NII - the difference between the interest banks earn on loans and pay out on deposits - came even as PNC reported a 15% jump in NII to $3.51 billion. The rate increases by the U.S. Federal Reserve to rein in sticky inflation have boosted lenders' income from bigger interest payments, but banks have warned that the higher borrowing costs could soon start to weigh on loan demand.
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min )
Melius Research started coverage of Nvidia, Microsoft and Apple with Buy ratings on their AI potential but were more skeptical about Google-parent Alphabet.
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min )
She also questioned his close relationships with several Tesla board members and whether the board had failed to act in shareholders’ best interests.
( 9
min )
Bank of America said its profits grew 19% in its most recent quarter, the latest of the big banks to see its bottom line boosted by higher interest rates. On a per-share basis, BofA earned 88 cents, compared with 73 cents one year ago. Like its major competitors, BofA has benefitted from wealthy clients, businesses and other customers moving deposits to the bank in search of safety after this spring’s bank failures.
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min )
Bank of America, Morgan Stanley, Charles Schwab, and Lockheed Martin are among companies scheduled to report earnings Tuesday. Novartis rises after boosting its full-year outlook and Masimo tumbles after issuing a weak second-quarter sales forecast.
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min )
Bitcoin and Ether both fell below key price levels earlier but returned above as investors remained optimistic after the U.S. Securities and Exchange Commission (SEC) accepted the second Bitcoin exchange-traded fund (ETF) application for review, from asset manager Valkyrie.
( 7
min )
Chipmachinemaker ASML neemt ongeveer honderd medewerkers van medisch technologiebedrijf Philips over. De werknemers leverden al diensten aan andere bedrijven, waaronder ASML. Zo werkten ze al aan zeer precieze meetinstrumenten van de chipfabrikant. Dat maakt de overstap makkelijk.
( 3
min )
De storing bij de Rabobank is voorbij, meldt de bank op Twitter. Door de storing, die dinsdag rond het middaguur voor het eerst werd gemeld, konden klanten geen transacties afronden en dus geen geld overboeken.
( 3
min )
De appel- en perenoogst in ons land zal dit jaar kleiner zijn dan in 2022. De verwachting is dat er 207 miljoen kilo appels en 341 miljoen kilo peren worden geplukt.
( 3
min )
Voormalig Nissan-topman Carlos Ghosn is met zijn rechtszaak tegen de Japanse autofabrikant niet uit op wraak. Het is volgens hem een poging de mensen die tegen hem samenspanden ter verantwoording te roepen.
( 4
min )
Met een opvallend design, technische snufjes en gelikte marketing wist VanMoof de e-bike sexy te maken. Maar de fietsen gingen vaak kapot en waren voor velen te duur door de unieke onderdelen. Dat deed het bedrijf de das om.
( 4
min )
De Turkse lira heeft dinsdag een nieuw dieptepunt bereikt ten opzichte van de euro en de dollar. Daarmee zet de vrije val van de Turkse munt sinds de verkiezingen van 28 mei onverminderd door.
( 3
min )
De Turkse lira heeft dinsdag een nieuw dieptepunt bereikt ten opzichte van de euro en de dollar. Daarmee zet de vrije val van de Turkse munt sinds de verkiezingen van 28 mei onverminderd door.
( 3
min )
De curator van Score is nog in onderhandeling met partijen die de kledingwinkels willen doorzetten. De keten ging in juni failliet. Het spijkerbroekenmerk CHASIN' van Score heeft al wel een nieuwe eigenaar.
( 3
min )
Rabobank heeft dinsdag te maken met een storing, waardoor klanten geen overboekingen kunnen doen. De bank werkt aan een oplossing.
( 3
min )
Dit weekend kregen twintigduizend mensen een brief van Dienst Toeslagen. Daarin staat dat ze wel recht hebben op zorgtoeslag, terwijl ze die niet aanvragen. Nog steeds vraagt een op de tien huishoudens die recht hebben op zorgtoeslag die niet aan.
( 4
min )
Brusselse supermarkten moeten in 2024 voedsel dat bijna over datum raakt, doneren aan de voedselhulp. Daar worden ze toe verplicht door een besluit van de Brusselse regionale overheid.
( 3
min )
Bakkers verwachten op korte termijn geen flinke prijsstijgingen van brood nu de deal over de export van graan uit Oekraïne via de Zwarte Zee is verlopen. Dat komt vooral doordat ze werken met langetermijncontracten.
( 3
min )
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